
Webcast

Basic

CPE Credits
2 Credits: Taxes
Course Description
Passive activity losses have been around since 1986. They came out with clarifications on the grouping election in 2010. There have been a series of court cases over the past decade that have come down and ruled against the taxpayer. We could all use a pencil sharpening on the subject. This course gets into real estate professional, material participation, and active participation. The course goes through all the rules and then provides a verbal flowchart of questions you should ask to get the maximum benefit to the client. It will touch on some planning around the Medicare surtaxes, the net investment income tax, and what are some of the ways we can get the benefits there. Can we combine husband and wife together for real estate professional? Can we combine them together for material participation? Another helpful aspect of covering 469 is we can compare and contrast to the safe harbor rules under the revenue procedure with 199A.
Learning Objectives
Upon completing this course you will understand:
- Nuts and bolts of IRC Sec 469
- Verbal flowchart for maximum benefits
- Planning around Medicare surtax and net investment income tax
- Husband and wife combination for real estate and material participation
- Compare and contrast to safe harbor rules under revenue procedure with 199A
Course Specifics
Course ID WC1821257484 |
Revision Date October 13, 2021 |
Prerequisites None |
Advanced Preparation None |
Compliance information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01885-21-O
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1649
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor

Robert “Chris” Province, CPA, has over 20 years of experience in delivering, instructing, and designing training courses. In addition to his speaking, Chris is currently a self-employed CPA specializing in taxation of high net worth individuals and closely-held businesses with clients located in many states throughout the United States. Chris has also served as a tax partner and senior tax member for several local, regional, and national CPA firms. He was a member of the national AICPA S-Corporation Technical Resource Panel and the Qualifications Committee for the California Board of Accountancy. Chris is a licensed Certified Public Accountant in California, …
Passive Losses - IRC Sec 469

CPE CREDITS
2 Credits: Taxes
$98.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.

Webcast

Basic

CPE Credits
2 Credits: Taxes
Course Description
Passive activity losses have been around since 1986. They came out with clarifications on the grouping election in 2010. There have been a series of court cases over the past decade that have come down and ruled against the taxpayer. We could all use a pencil sharpening on the subject. This course gets into real estate professional, material participation, and active participation. The course goes through all the rules and then provides a verbal flowchart of questions you should ask to get the maximum benefit to the client. It will touch on some planning around the Medicare surtaxes, the net investment income tax, and what are some of the ways we can get the benefits there. Can we combine husband and wife together for real estate professional? Can we combine them together for material participation? Another helpful aspect of covering 469 is we can compare and contrast to the safe harbor rules under the revenue procedure with 199A.
Learning Objectives
Upon completing this course you will understand:
- Nuts and bolts of IRC Sec 469
- Verbal flowchart for maximum benefits
- Planning around Medicare surtax and net investment income tax
- Husband and wife combination for real estate and material participation
- Compare and contrast to safe harbor rules under revenue procedure with 199A
Course Specifics
Course ID WC1821257484 |
Revision Date October 13, 2021 |
Prerequisites None |
Advanced Preparation None |
Compliance information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01885-21-O
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1649
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor

Robert “Chris” Province, CPA, has over 20 years of experience in delivering, instructing, and designing training courses. In addition to his speaking, Chris is currently a self-employed CPA specializing in taxation of high net worth individuals and closely-held businesses with clients located in many states throughout the United States. Chris has also served as a tax partner and senior tax member for several local, regional, and national CPA firms. He was a member of the national AICPA S-Corporation Technical Resource Panel and the Qualifications Committee for the California Board of Accountancy. Chris is a licensed Certified Public Accountant in California, …
Passive Losses - IRC Sec 469

CPE CREDITS
2 Credits: Taxes
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$98.00