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DTSTAMP:20261010T023242Z
DTSTART:20261123T200000Z
DTEND:20261123T214000Z
SUMMARY: Monthly Tax Update with Ed Zollars: Passive Loss Rules: Strategic and Defense Frameworks under IRC § 469 (2 hours - afternoon) - Webcast
DESCRIPTION: This two-credit-hour CPE session gives experienced CPAs and tax practitioners a practitioner-focused\, litigation-tested framework for applying the passive activity loss rules of IRC Section 469. The course walks through the statutory mechanics that segregate active\, passive\, and portfolio income\; the seven material participation tests under Temporary Treasury Regulation Section 1.469-5T(a) and the evidentiary standards courts have used to reject unsubstantiated participation logs\; the two-pronged test for qualifying as a real estate professional under Section 469(c)(7)\; the activity aggregation election under Treasury Regulation Section 1.469-9(g) and late-election relief under Revenue Procedure 2011-34\; and the interaction of these rules with the 3.8% Net Investment Income Tax under Section 1411. Drawing on recent case law involving failed real estate professional claims and rejected time logs\, the course closes with a practical framework for assessing accuracy-related penalty exposure under Section 6662 and assembling audit-ready documentation. Practitioners who advise clients with rental real estate\, closely held businesses\, or other loss-generating passive investments will come away with a concrete checklist for classifying income\, substantiating participation\, and defending return positions on audit. \nOSCPA has partnered with the Idaho Society of CPAs for this event. \n  
CLASS:PUBLIC
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