PIGs & PALs Comprehensive Passive Loss Workshop [PLR]

Dec 6, 2016
Time: 8:00 am-4:00 pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

Print Page

Discussion Leader:

John Connors, JD, CPA, LLM    more info

Prof. John J. Connors, J.D., C.P.A., LL.M.
As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at the
University of Notre Dame, graduating in 1980. After serving as an instructor in the School of Business
Administration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,
Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business in
Milwaukee, WI.
His professional background includes experience in income and estate tax planning, as well as individual,
partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse in
the Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters as
an international tax consultant for the Chrysler Corporation in London, England.
Prof. Connors currently conducts a national consulting practice designed especially for tax professionals based
out of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the Monthly
Tax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous tax
institutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization
& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along with
a brand new publication entitled “LLCs Taxed as Partnerships.”
As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overall
ratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of his
materials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by the
American Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-up
questions, a factor much-appreciated by those practitioners attending his seminars.

Prof. John J. Connors, J.D., C.P.A., LL.M.As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at theUniversity of Notre Dame, graduating in 1980. After serving as an instructor in the School of BusinessAdministration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business inMilwaukee, WI.His professional background includes experience in income and estate tax planning, as well as individual,partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse inthe Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters asan international tax consultant for the Chrysler Corporation in London, England.Prof. Connors currently conducts a national consulting practice designed especially for tax professionals basedout of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the MonthlyTax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous taxinstitutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along witha brand new publication entitled “LLCs Taxed as Partnerships.”As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overallratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of hismaterials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by theAmerican Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-upquestions, a factor much-appreciated by those practitioners attending his seminars.

close close

Website registration for this course closes on December 5, 2016. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

PIGs & PALs Comprehensive Passive Loss Workshop (PLR)

December 6, 2016

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

Interaction of PAL Rules & the New 3.8% Medicare Surtax - special coverage of the passive loss rules and how theyimpact the calculation of the new 3.8% Medicare surtax.

Major Topics:
Now that we have attempted to decipher this entirely new tax system for our clients, what were the issues in its implementation?
Common misunderstandings with the passive loss rules.
When grouping elections should be made to avoid the PAL rules, as well as the 3.8% Medicare surtax.
Were there exceptions for real estate professionals and grouping of self-rental activities?
And, can rental activities meet the threshold for being treated as trades or businesses?
Are S corp and partnership distributions to active owners completely free of the surtax?
How are dispositions of interests in flowthrough entities, especially by active owners impacted by this surtax?
Are all dispositions of C corp stock, including those by active owners, subject to the surtax?
Can "personal goodwill" avoid the double taxation quagmire with C corporations, as well as the new 3.8% Medicare surtax?
All of these issues will be examined, along with IRS Form 8960 and the questions that it raises.

Learning Objectives:
Comprehensive understanding recent changes especially for upcoming busy season.
Planning for flowthrough entities in light of health care and recent tax changes.
Awareness of latest cases and rulings affecting businesses.

Designed For: CPAs

CPE Credits: 8, Taxation

Level of Knowledge: Advanced

Prerequisite: None

Acronym: PLR

Discussion Leader: John Connors, JD, CPA, LLM