Webcast: Guide to Understanding the Passive Activity Rules (XSPAR4117)
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Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, because there are potential implications for the net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules.

8/14/2017
When: 08/14/2017
12:30 PM until 4:00 PM
Where: Webcast
SURGENT
PAR4-2017-01-WEBNR-226-01
United States
Presenter: Bill Harden, Ph.D., CPA, ChFC


Online registration is closed.
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Acronym XSPAR4117
CPE 4 hours
Vendor Surgent
Category
Taxation
Level Intermediate
Prerequisite Five or more years in public accounting working on complex individual tax returns
Adv Prep None
Yellow Book? No
Designed for CPAs in public accounting who deal with complex individual tax returns
Registration
Member $139
CPA Non-Member $189

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, because there are potential implications for the net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules.

Objectives

  • Understand the passive activity rules on a much deeper level
  • Discuss tax planning issues on these topics with clients

Topics

  • A survey of the 300 pages of regulations under the passive activity loss rules
  • Understanding and substantiating material participation
  • An in-depth discussion of when you may or may not make an aggregate election for activities
  • What does it mean to qualify as a real estate professional?