Cart empty

Fast, Easy and Affordable Continuing Education for Accountants!

Our Amazing Sales & Support: 888-398-8540

Passive Loss and At-Risk Rules 2021 - 3 CPE Credit Hours

Email
With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or suspended. Updating practitioners on the practical aspects of §469, this course ad-dresses the needed skill to handle these pragmatic issues. Fundamentals are re-viewed, planning opportunities are identified, and creative strategies are dis-cussed and evaluated along with remaining traditional approaches. The goal of this instructive course is to understand and solve client problems under §469, with emphasis on tax savings ideas.
No image set
$8.95
Download

Passive Loss & At-Risk Rules 2021 - 3 CPE

passive_loss_and_at_risk_rules_2021_3_cpe_fe_na.pdf
Price: No additional charge

Manufacturer: Santucci

With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or suspended. Updating practitioners on the practical aspects of §469, this course addresses the needed skill to handle these pragmatic issues. Fundamentals are reviewed, planning opportunities are identified, and creative strategies are discussed and evaluated along with remaining traditional approaches. The goal of this instructive course is to understand and solve client problems under §469, with emphasis on tax savings ideas. Participants will learn to master the proper administration of these complex and often cumbersome provisions.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

Field of Study: Taxes

Prerequisite: General understanding of federal income taxation.

Advanced Preparation: None

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

* Passive loss rules

* Material participation

* Activity definition

* Passive & nonpassive activities

* Passive activity loss

* Rental activities

* Recharacterization of passive income

* Passive activity credits

* Passive activity audit guide

* At-risk limits

Learning Objectives

After reading the materials, participants will be able to:

1. Identify affected taxpayers, categories of income and loss, and passive losses under §469 and necessary §469 calculation steps and specify the §469 & §1211 limits and the ordering and suspension of any disallowed losses.

2. Recognize a taxpayer’s material participation in an activity by:

a. Identifying the material participation tests and their application to entities such as partnerships and corporations;

b. Specifying the activity grouping rules and exempt activities;

c. Determining passive activity particularly, the treatment of rental activity as passive; and

d. Identifying “nested” activities.

3. Identify special passive loss rules and calculations by:

a. Determining alternating use affects on amount realized and adjusted basis and citing additional loss limitations outside of §469;

b. Recognizing requirements for the special $25,000 allowance; and

c. Specifying recharacterization rules and their purpose.

4. Recognize the passive activity audit guidelines identifying audit issues, determine the real estate rental activity credit exception, and cite the at-risk limit rules as they relate to §469.

After studying the materials, answer the exam questions 1 to 15.

Reviews

There are yet no reviews for this product.
The 7 Irrefutable Rules of Small Business Growth - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Starting a small business and making it a success isn’t easy. In fact, most small business owners don’t get rich and many fail. This book presents the straight truth on small business success.
Social Security Medicare & Government Pensions - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Everyone wants to get the highest possible retirement and pension income – not to mention the best medical coverage. Turn to the completely updated 17th edition of Social Security, Medicare & Government Pensions to discover the benefits you're entitled to
Fraud 101 - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Fraud 101, Third Edition serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better un
Bookkeeping for Nonprofits - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no book
$99 Unlimited CPE Subscription
$99.00
Our $99 Unlimited CPE Subscription includes 365 Days of Online access to all of the Accounting CPE Credits you need. Subscribers can access discounted Ethics for less than $10/course!

Our CPE Is Accepted In:

 
Our CPE is currently accepted in: AL, AK, AZ, CA, CO, CT, DE, GA, ID, IN, IA, KY, ME, MD, MA, MI, MO, MT, NV, NH, NM, ND, PA, RI, TX, UT, VT, VA, WA, WI, WY

Testimonials

 
I already finished about 80 CPE and passed all the quizzes. Highly Appreciated!
Nael CPA
 
 
Thank you again for responding to me on a Sunday.
Paul CPA
 
 
That was a quick and complete response to my inquiry!!!!! Thank you.
Roger CPA
 

Login Form

If you see "invalid token" please press ctrl+shift+R and then login again. (you can Click Here for an explanation)