Using Business and Rental Losses

At-Risk, Passive Loss, and Entity Basis Limitation Explained -Recorded 9/12/19

This class discusses the loss limitation rules that apply to business and rental losses and how tax professionals can possibly mitigate their effect. The at-risk limitations, the passive loss limitations, the entity basis limitations, net operating losses, and Section 461(l) excess business losses are also included.

Learning Objectives

• Understand the at-risk limitation rules and when they apply.

• Understand the passive loss limitation rules and when they apply.

• Understand the entity basis limitation rules and when they apply.

• Understand the net operating loss rules pre- and post- the Tax Cuts and Jobs Act.

• Understand the Sec. 461(l) excess business loss rules and when they apply.

Prerequisite: None

Advanced Preparation: None

Program Level: Intermediate

IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00127-19-S

Delivery Method: Self-study/On-demand

Field of Study: Federal Tax Law (IRS)

Credit hours:  2 IRS

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators.  See below for more information regarding administrative policies, such as complaints or refunds, or contact Sherrill Trovato, EA, USTCP, President of Gregory & Associates, Inc., at 714.777.9359.  There are no prerequisites or advanced preparation required for this webinar.  

IRS Provider Number: NMVBP This webinar has been designed by Gregory & Associates, Inc. to meet the requirements of the IRS Return Preparer Office, including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230.  This does not constitute an endorsement by the IRS RPO.

Webinar Policies, Refunds, Cancellations: 

CE credits are available on the on-demand webinars only by receiving a passing score of 70% on the quiz that is available to you after completion of the on-demand webinar.  The quiz must be completed within 3 months of the date the on-demand webinar is purchased to qualify for CE credit.  Upon completion of the quiz, send an email to sherrilltrovato@gmail.com with your name and PTIN if you wish to have IRS CE credit uploaded on your behalf.

Compass Tax Educators provides high quality instruction and content.  There are no refunds for the purchase of on-demand webinars, but if you experience technical difficulties while viewing a webinar, contact us to resolve the issue.

If you have any questions regarding our refund policy, or any other administrative policy, please contact Sherrill Trovato, EA, USTCP at 714.777.9359 or Geri Bowman, CPA, EA, USTCP at 330.628.0415.

Course Content

1 Video
1 Quiz
1 Survey
2 PDFs
2.0
Kevin Huston
Kevin Huston
EA USTCP MBA ChFC CLU

About the instructor

INSTRUCTOR KEVIN C. HUSTON, EA, USTCP, MBA, ChFC, CLU is the president of Blue Ridge Tax Advisors, Inc., a tax, representation, and wealth-management firm in Asheville, NC. Kevin received his BS degree in Business Management from Oakland University in Rochester Michigan, and his MBA in International Business from Georgia State University in Atlanta. In addition, Kevin holds the Chartered Financial Consultant (ChFC), and the Chartered Life Underwriter (CLU) designations from The American College in Bryn Mawr, Pennsylvania. Kevin is an enrolled agent with 30 years’ experience preparing tax returns, a Fellow of the National Tax Practice Institute (NTPI) and was admitted to practice before the United States Tax Court in 2013. A nationally known tax instructor over the past 25 years, he has instructed at NATP and NAEA’s National Conferences, NTPI, Drake Software tax update schools, California Society of Enrolled Agents Super Seminars, and numerous other state tax associations. He has authored several tax and financial articles for professional journals. In 2017, Kevin was awarded the NAEA Excellence in Education Award.

kevin@compasstaxeducators.com

Learn How Business and Rental Losses Affect Taxpayers! 

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