Partnership Taxation: Passive Loss Rules Self-Study Webinar (1.5 Hours)

Partnership Taxation: Passive Loss Rules Self-Study Webinar (1.5 Hours)

CPE Credit: 1.5 Hours

Price: $99.00

NASBA Field of Study: Taxes

 

Overview

This self-study webcast will review all the aspects of passive loss rules, including the general rules, definitions of activity, material participation and real property trades or business.
 

AGENDA HIGHLIGHTS


•  Deducting passive activity losses

•  Carrying forward passive activity losses

•  When and how passive loss rules can be applied

•  Determining activities

•  Grouping activities
   – Appropriate groupings
   – Inappropriate groupings
   – Grouping of rental with non-rental

•  Activities held by flow-through entities

•  Material participation: 7 Tests

•  Rental activities

•  Suspended losses

•  Basis and at-risk: examples
   – Basis calculation and answer
   – At-risk calculation and answer
 

LEARNING OBJECTIVE  To give tax professionals a thorough understanding of the passive loss rules and how to properly apply them.

PREREQUISITE  Basic knowledge of federal taxation.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Intermediate.
NASBA FIELD OF STUDY  Taxes.    DELIVERY METHOD  Self-Study.

Speakers

SPEAKER


W. Stewart Connard, CPA

Detailed Learning Objectives

Identify the rules for the deductibility of passive activity losses

Identify those circumstances that allow a taxpayer to deduct suspended passive losses

Identify what activities are considered to be passive activities in the context of partnership taxation

Identify the factors used to determine whether or not an activity or a group of activities constitutes an appropriate economic unit

Recognize the threshold(s) for material participation