Passive Activities & Rental Real Estate Income Tax Issues 8 Credits
Updated till Oct-2024
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Since the enactment of the passive activity loss limitation rules in 1986, taxpayers and practitioners have been frustrated in attempts to have economic losses incurred in activities described as “passive” offset income derived from other sources. The passive income and loss rules create complex tax reporting, controversy, and confusion as to how various business and investment activities should be classified. For clients with real estate investments, it is often difficult to sort out which losses and expenses can be used to offset income. The focus on “passive” income and losses as distinguished from “active” income and losses has intensified greatly now as the new 3.8-percent Net Investment Income Tax (NIIT) has become effective and subjects passive income to this new tax.
This Online CPE/CE tax Webinar, presented by note author and tax educator, J. Patrick Garverick CPA, CFA will help participants understand the complications involved in offsetting income by applying losses from activities described as “passive.”
He is an outstanding speaker and presenter and will provide straightforward explanations and helpful tips on this important topic, so clients can be advised with confidence. All tax professionals, tax preparers, accountants, attorneys, and financial and estate planners who advise clients on critical tax, estate planning, and wealth management matters will benefit from this practice-oriented seminar.
This comprehensive training is designed to get the accountant up to speed quickly with the complex passive activity loss (PAL) rules that apply to certain investments in trades or businesses and rental activities. The cornerstone of the Online CE Webinar is the in-depth coverage of the detailed tax law and regulations applicable to Passive Activities under IRC §469 and how and when the 3.8% Net Investment Income Tax under §1411 applies.
Each attendee will receive the most comprehensive passive activity reference manual with numerous practice aids and real-world examples.
This online CPE/CE Tax course covers the following key topics:
J. Patrick Garverick is one of the most admired and best-reviewed Tax Speakers in the country and we are offering the classes at a much-discounted price. His courses have been best-reviewed by audiences for:
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Free E-Book Worth $200Get copyright copyright-protected E-Book related to the course worth $200 for absolutely free if you register now. Limited Period offer! |
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02171-24-S) | 8 CE | Approved |
| Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02171-24-S) | 8 CE | Approved |
| Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1756) | 8 CE | Approved |
| Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02171-24-S) | 8 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332265) (Valid upto : Dec 31, 2025) | 8 CE | Approved |
| Certified Wealth Strategist (CWS) | 8 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 8 CPD | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 8 CE | Eligible |
| Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal tax-related matters for LTC (Approval No. GEHNZ-T-02171-24-S) | 8 CE | Eligible |
| Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 8 CE | Eligible |
| Wealth Management Certified Professional (WMCP) | 8 CE | Eligible |
| Financial Services Certified Professional (FSCP) | 8 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02171-24-S) | 8 CE | Approved |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 8 CE | Eligible |
| Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Chartered Advisor in Senior Living (CASL) | 8 CE | Eligible |
| CIPM | 8 PL | Eligible |
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02171-24-O) | 8 CE | Approved |
| Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02171-24-O) | 8 CE | Approved |
| Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1756) | 8 CE | Approved |
| Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02171-24-O) | 8 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332265) (Valid upto : Dec 31, 2025) | 8 CE | Approved |
| Certified Wealth Strategist (CWS) | 8 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 8 CPD | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 8 CE | Eligible |
| Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal tax-related matters for LTC (Approval No. GEHNZ-T-02171-24-O) | 8 CE | Eligible |
| Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 8 CE | Eligible |
| Wealth Management Certified Professional (WMCP) | 8 CE | Eligible |
| Financial Services Certified Professional (FSCP) | 8 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02171-24-O) | 8 CE | Approved |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 8 CE | Eligible |
| Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Chartered Advisor in Senior Living (CASL) | 8 CE | Eligible |
| CIPM | 8 PL | Eligible |
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.
In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.
During his time in college, Pat earned a letter as a member of the Ohio State Basketball squad. He remains a staunch supporter of the sports programs at his alma mater.
Awards & accolades
Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
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A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
JSJ
Professor Garverick's Passive Activity and Rental Real Estate lecture was my first experience with my-cpe's materials. This format was much more helpful in advancing my knowledge base compared to other CE materials. Pat's materials were well organized. The video was six hours, but the subject matter was presented with structure and helpful examples.
AH
Another great class by Mr. Garverick. Although a little over my head, he had many great examples and a great book to go over the details.
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