Passive Activity Loss, Real Estate Professional & Tax Savings (Currently Unavailable)

Author: Robert Barnett

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law for CTEC
2 hours Federal Tax Related for EAs and OTRPs

This course describes how to navigate the Passive Activity Loss Rules and identify opportunities for tax savings. This course is essential for all practitioners preparing returns for owners of passive activities, such as S Corporations, LLC's, and real estate.

Publication Date: September 2014

Designed For
This course is essential for all practitioners preparing returns for owners of passive activities, such as S Corporations, LLC's, and real estate.

Topics Covered

  • Recent cases and regulations with a view toward the practical application of tax saving elections.
  • Real Estate Professional status will be analyzed
  • Special consideration for Trusts and Estates
  • Practical consideration for practice management
  • Recent Revenue Procedures
  • Considerations regarding avoiding the new 3.8% Medicare Surtax

Learning Objectives

  • Recognize passive activities and activity groupings
  • Identify effective utilization of the seven tests of Material Participation

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic knowledge of Passive Activity Loss

Advance Preparation
None

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