CPE Course Passive Activity Loss Rules - The Pendulum, At Long Last, Is Swinging Back Our Direction
October 14, 2017
1:00 PM — 5:00 PM
Field of Interest
Anyone desiring to gain an in-depth working knowledge of the passive activity loss (PAL) rules and how to avoid losses from being stranded as passive
4.00 creditsView Cart
*To gain a working knowledge of and planning flair for the intricate passive activity loss rules for business and rentals
*To learn the 5 step approach to framing any passive loss analysis, keeping good passive loss files (and records) and preventing tax losses from being temporarily or permanently
*Structuring and operating to avoid losses irretrievably being stranded as “passive”?
*Passive Activity Loss 5 Step Approach – How it saves souls from drowning in the abyss
*What may and may not be grouped together – How grouping can win the battle or sink you
*Fresh Start Regrouping Rules - The biggest thing to hit PAL rules since 1986?
*Why “non-passive” and “active” are not even close to the same thing
*How the way a pass-through entity reports activities can protect or impale you
*How the Tax Court is rewriting the material participation time log (or not) rules
*IRS’ Passive Activity Audit Guide: Biases revealed and secrets told
*Which hurdle do you jump over first? Basis, at-risk, PAL, NOL? Which second, third, fourth?
*How to keep (and show your client how to keep) "off tax return" records to avoid disastrous passive activity train wrecks
*Real estate professional – The “live for today” election – Every hand’s a winner, every hand’s a loser
*Recharacterization rules: Navigating through the land mines to safety
*Effects of various transactions between a closely held entity and its owner, including self charged interest, self charged rent and other self charged transactions
*What do the passive loss rules have to do with estate planning anyway?
*Timing, timing, timing and other freight train stories – a/k/a Why I want a “complete disposition” when I grow up