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Tax Update on Gig, Carsharing, and Ridesharing Webcast

CPE

When
Nov. 30
9:00 - 11:00 a.m.

CPE Credits
2-Tax

Details

 Pricing

PICPA Member: $74 | Nonmember: $99

CLE Credit Add-On: $25


 More Information

Course No.
786400
Level
Update
Prerequisites
None

Description

 

Examine tax planning and compliance for the three main types of sharing arrangements: house sharing (AirBnB), ride sharing (Uber or Lyft), and car sharing (Turo). Discuss depreciation, at-risk and passive activity loss limitations, deductions and limitations on deductions, capital improvements, application of Section 199A, tax consequences associated with a sale or exchange, and entity choice for the rental business.

Highlights

  • Understand the sharing economy and the choice of entity issues associated with growing businesses.
  • Analyze business scenarios to understand planning opportunities with respect to limitations on deductions (e.g. Section 280F).
  • Apply the Section 199A rules to hypothetical situations involving different businesses in the sharing economy.
  • Understand the application of the at-risk and passive activity loss limitations to businesses in the sharing economy.

 



Speaker(s)

Jonathan D. Grossberg, J.D., LL.M. (Taxation) is Founder and Owner, Grossberg Continuing Education; Assistant Editor, National Income Tax Workbook published by the Land Grant University Tax Education Foundation, Inc.; and Adjunct Professor of Law, Temple University Beasley School of Law.  He is a licensed attorney in Pennsylvania and New York.  Until August 2020, he was Assistant Professor of Taxation at Robert Morris University (RMU) School of Business in Moon Township, PA.  Jonathan has taught a wide variety of tax courses to undergraduate, graduate, and law students, including federal income taxation, taxation of business entities, advanced income taxation, tax research, corporate tax, and international tax.  Before entering academia, Jonathan clerked for Judge Gale of the U.S. Tax Court and practiced tax law at Drinker Biddle & Reath LLP in Philadelphia and Milbank, Tweed, Hadley & McCloy LLP in New York.  Jonathan has written articles for academic and practitioner publications and made CLE/CPE presentations to lawyers and accountants on a variety of topics including international tax, tax and business ethics, judicial doctrines in tax law, partnership tax, tax issues facing small businesses, and universal basic income.


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