Guide to Understanding the Passive Activity Rules in 2014 [PAR4 Anc]
Time: 12:30-4 pm
Subject:
TaxCredit Hours:
4.00Price:
Member: $150.00
Non-member: $225.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on July 15, 2014. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Surgents Guide to Understanding the Passive Activity Rules in 2014July 16, 2014 Afternoon Session
12:30 pm to 4:00 pm
AKCPA Conference Room
Anchorage, AK
Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, because there are potential implications for the new net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules.
Major Topics:
A survey of the 300 pages of regulations under the passive activity loss rules
Understanding and substantiating material participation
An in-depth discussion of when you may or may not make an aggregate election for activities
What does it mean to qualify as a real estate professional?
Learning Objectives:
Understand the passive activity rules on a much deeper level
Discuss tax planning issues on these topics with clients
Designed For: CPAs in public accounting who deal with complex individual tax returns
CPE Credits: 4, Taxes
Level of Knowledge: Intermediate
Prerequisite: Five or more years in public accounting working on complex individual tax returns
Acronym: PAR4
Discussion Leader: Susan Smith, CPA
