Passive Activities Rules: Tax Strategies in Passive Losses Web. [PASS]

Full Description

Passive Activities Rules: State of the Art Tax Strategies in Passive Losses Webcast (PASS)

November 22nd, 2021

Join experienced practitioner and instructor Greg White, CPA, as we identify real life strategies to reduce your clients tax liabilities through passive activity planning techniques. Determine the best ways to cut through complex rules and effectively apply the passive loss rules and net investment income tax rules.

Major Topics Covered:
- Utilizing all of the material participation tests to utilize losses.
- Documenting participation in an activity.
- Grouping passive activities to accelerate losses.
- Reducing the effects of the net investment income tax.
- Minimizing the effects of the passive loss rules.
- Meeting the real estate professional standard in order to deduct rental losses.

Learning Objectives:
- Identify cutting-edge strategies to accelerate losses in passive activities.
- Determine the best ways to cut through complex rules and effectively apply the passive loss rules and net investment income tax rules.
- Apply the grouping rules to reduce clients tax liabilities.
-Identify appropriate circumstances for making the real estate professional aggregation election. And when you shouldnt make the election!

Designed For: CPAs and tax professionals with clients that have investments in business activities and rental properties.

CPE Credits: 2, Taxation

Level of Knowledge: Intermediate

Prerequisite: Some knowledge of federal and state income taxes.

Acronym: PASS

Discussion Leader: Greg White, CPA

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