
Webcast



Basic



CPE Credits
2 Credits: Taxes
Course Description
Since the enactment of the passive activity loss limitation rules in 1986, taxpayers and practitioners have been frustrated in attempts to have economic losses incurred in activities described as ‘passive’ offset income derived from other sources. This course deals with how the passive income and loss rules create complex tax reporting, controversy, and confusion as to how various business and investment activities should be classified. The course also addresses that for clients with real estate investments, it’s often difficult to sort out which losses and expenses can be used to offset income. Finally, the course discusses how the focus on ‘passive’ income and losses as distinguished from ‘active’ income and losses has intensified greatly now as the 3.8% Net Investment Income Tax (NIIT) has become effective.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify which activities are defined as passive and why
- Define and distinguish active and material participation
- Understand the interplay and planning impact of the 3.8% tax on net investment with the passive activity loss rules
- Determine how grouping of activities may overcome passive activity limitations
Course Specifics
Course ID WC18165718 |
Original Release Date March 28, 2016 |
Revision Date February 28, 2020 |
Advanced Preparation None |
Compliance information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01698-20-O
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-0920
CTEC Federal Tax Law Credits: 2
Course Instructor



Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Passive Activity Loss Rules



CPE CREDITS
2 Credits: Taxes
$98.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 2 hour(s) and 40 minutes to watch today.



Webcast



Basic



CPE Credits
2 Credits: Taxes
Course Description
Since the enactment of the passive activity loss limitation rules in 1986, taxpayers and practitioners have been frustrated in attempts to have economic losses incurred in activities described as ‘passive’ offset income derived from other sources. This course deals with how the passive income and loss rules create complex tax reporting, controversy, and confusion as to how various business and investment activities should be classified. The course also addresses that for clients with real estate investments, it’s often difficult to sort out which losses and expenses can be used to offset income. Finally, the course discusses how the focus on ‘passive’ income and losses as distinguished from ‘active’ income and losses has intensified greatly now as the 3.8% Net Investment Income Tax (NIIT) has become effective.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify which activities are defined as passive and why
- Define and distinguish active and material participation
- Understand the interplay and planning impact of the 3.8% tax on net investment with the passive activity loss rules
- Determine how grouping of activities may overcome passive activity limitations
Course Specifics
Course ID WC18165718 |
Original Release Date March 28, 2016 |
Revision Date February 28, 2020 |
Advanced Preparation None |
Compliance information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01698-20-O
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-0920
CTEC Federal Tax Law Credits: 2
Course Instructor



Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Passive Activity Loss Rules



CPE CREDITS
2 Credits: Taxes
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 2 hour(s) and 40 minutes to watch today.
Since the enactment of the passive activity loss limitation rules in 1986, taxpayers and practitioners have been frustrated in attempts to have economic losses incurred in activities described as ‘passive’ offset income derived from other sources. This course deals with how the passive income and loss rules create complex tax reporting, controversy, and confusion as to how various business and investment activities should be classified. The course also addresses that for clients with real estate investments, it’s often difficult to sort out which losses and expenses can be used to offset income. Finally, the course discusses how the focus on ‘passive’ income and losses as distinguished from ‘active’ income and losses has intensified greatly now as the 3.8% Net Investment Income Tax (NIIT) has become effective.
$98.00