Self-Study
2
Overview
Taxes
There are no prerequisites.

Course Description

With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or suspended. This course will help you understand the practical aspects of §469 and addresses the skills you need to handle these pragmatic issues. Fundamentals are reviewed, planning opportunities are identified, and creative strategies are discussed and evaluated along with remaining traditional approaches. The goal of this course is to understand and solve client problems under §469, with emphasis on tax savings ideas. You'll learn to master the proper administration of these complex and often cumbersome provisions.



Instructor

Danny Santucci, JD

Danny Santucci, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later, he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas, working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning.

As a speaker to more than 100 groups nationally each year—including those attending Western CPE conferences—he’s known for spicing his extensive expertise with an incredible sense of humor. Danny also produces several taxation self-study courses, many of which are included in Western CPE’s best-selling Online MegaTax Library.



Course Specifics

Taxes
Jan 30, 2017
There are no prerequisites.
SS8122079
81
None


Compliance Information

103220
IRS Provider #: 0MYXB IRS Course ID: 0MYXB-T-00029-13-S IRS Federal Tax Update Credits: 2
CTEC Provider #: 2071 CTEC Course ID: 2071-CE-0317 CTEC Federal Tax Update Credits: 2 Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify affected taxpayers under §469, §469 and §1211 limits, as well as disallowed losses
  • Calculate net gain on the sale of a passive activity
  • Note the requirements for determining a taxpayer's material participation in an activity through material participation tests, activity grouping rules, rental activity, and nested activities
  • Identify special passive loss rules, calculations, and tests
  • Note passive activity audit guidelines, audit issues, the requirements for a real estate rental activity credit exception, and at-risk limit rules as they relate to §469



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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