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Passive Activity Losses (PAL): Comprehensive Webinar

CPE

When
Nov. 23
11:30 a.m. - 7:00 p.m.

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $295 | Nonmember: $400


 More Information

Course No.
4203582E
Level
Intermediate
Prerequisites
General knowledge of individual/business income taxation and how they relate to passive activity laws.
Note
None

Description

Identify activities subject to the PAL rules and the exceptions to them, including those for certain real estate professionals.Define a passive activity, rental and trade or business under IRC Sec. 469.Outline seven ways to materially participate in an activity and six exceptions to the definition of a rental activity.Calculate the passive activity income and losses allowed and the tax ramifications of passive activity dispositions.Recognize what passive activity investments are potentially subject to the 3.8% net investment income tax under IRC Sec. 1411.

Highlights

Passive activity loss (PAL) rules have never been more important in Federal tax reporting. This course provides a comprehensive and complete review of the laws and regulations impacting PALs, including the rules governing rental real estate, grouping and the 3.8% net investment income tax. The IRS is actively auditing the failure to properly report passive losses. You and your clients can't afford to be left behind.


Speaker(s)


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