Basis, At-Risk, Passive Activity Loss, §163(j), Excess Losses (§461(I)) and NOLs - Webcast

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Sep 17, 2020

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Loss Limitation School

Do you desire to not be tripped up and held back by the passive activity loss, at-risk, basis, new excess business loss rule, and newly revamped NOL limitation rules? This course will get you through the woods as unscathed as possible. And how does the new §163(j) limit on business interest expense play in?

Designed For

Anyone desiring to gain an in-depth working knowledge of all the old and new loss limitation rules.

Objectives

To instruct as to the tripling of complexity in loss limitation rules.

Major Subjects

  • What is, and is not, a trade or business? Why do we care? Why can we not afford not to care? 
  • All new excess loss limit rule – what exactly is “business income” anyway?
  • Newly revamped NOL rules – fundamental game changers
  • Which comes 1st, 2nd, 3rd, 4th and so on? Basis, §163(j), at-risk, passive, excess loss?
  • Passive activity income and loss foundations, interplay, inseparability and separability
  • Must one build her (his or its) own spreadsheet to survive it all?  
  • At-risk, basis limitation, and NOL limitation structure and interplay 
  • How loss limit rules interact with §199A
  • At-risk rules reinvention in the courts – but IRS never really finished the rules anyway                     
  • Why I want to be a real estate professional when I grow up. But am I a pretender? 
  • How will software vendors respond to recent layers?  (aka overrides, overrides, overrides, and overrides)
  • The age-old intricate structure, all that's new, and how and why you can't ignore either

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.