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Passive Losses Made Easy

4.4 (22)

Nicholas Preusch

YHB | CPAs & Consultants

Monday, March 16, 2020 | 11:00 AM EDT

1 Credit

$10

Subject Area

Taxes

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Course Description

This webinar provides the understanding of IRC Section 469, which limits and controls any deductions for passive losses by the taxpayer.

IRC 469 is one of the most confusing sections in the IRC. In this presentation, we will take an in-depth dive into IRC 469 going into the complexities of the section. This webinar introduces which taxpayers are subject to the passive loss rule, clarifies separate activities from material participation and describes rental activities as they relate to passive losses. 

Further, this webinar describes the calculation for the phase-in and phase-out of passive losses and credits as well as other dispositions. We will also discuss items such as self-rentals, grouping elections, and other miscellaneous issues. We will also look at different tax planning strategies with passive losses that can help clients out.

HIGHLIGHTS OF THE WEBINAR

  • How the PAL rules apply to rental real estate activities and investments.
  • Definition of activity and the activity grouping and disclosure rules.
  • Real estate professional exception to the PAL rules for investments in non-passive rentals.
  • Limitations on tax credits generated by passive activities.
  • Special rules that re-characterize passive income to non-passive income.

Learning Objectives

  • To learn the in-and-outs of passive losses
  • To determine when to make grouping elections and what grouping elections you can make
  • To understand self-rental income and the different ways to avoid common traps
  • To obtain in-depth understanding of real estate professionals
  • To learn that how dispositions affect passive losses

Who Should Attend?

  • Accountant
  • Bookkeeper
  • Business Owner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Others
  • Senior Accountant
  • Tax Attorney
  • Tax Practitioners
  • Tax Pros

Testimonial

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    [no_of_record] => 22
    [average] => 4.3636
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4.4

(22)
41%
55%
5%
0%
0%

BJ

Nicholas is a great speaker. His subject expertise is interesting. The webinar has a real value. I believe it is a helpful learning and worth the time. Topnotch experience with myCPE & moderators. I recommend myCPE. Enjoyed it.

JK

This was an excellent webinar, the material was well put together and covered a lot of relevant topics. The presentation was very good and the contents and handout was exceptional. The subtopics were relevant and precise to the expectations. It was a good webinar to earn CPE.

JH

I would surely suggest the webinar to my colleagues. It has much value to offer.The webinar has very useful content. It was a great webinar as speaker covered a lot of my questions in the presentation itself. Excellent presentation with great inputs.

BH

It was really an impressive and informative webinar.

MB

It was a very informative presentation. I liked the delivery method of the speaker. It was certainly a rich webinar for its content. Useful and engaging.

CE

I would surely suggest the webinar to my colleagues. It has much value to offer. It has a lot of useful information. It helped me solve a lot of my doubts. My appreciations for 1 Meal 1 Credit program.