Four Tiers of Loss Limitations - A Guide to the New Rules for Pass-throughEntities

133  |  Course  |  Intermediate  |  Scheduled

Description

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Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.

Credits

Number of Credits Type of Credits
4.00 Taxes
3.33 CLE

Designed For

Experienced practitioners who desire a refresher on loss limitations and an analysis of the new rules. Inexperienced practitioners who desire to learn the basics of all four pass-through loss limitations and their interactions in one course.

Prerequisites

Basic familiarity with loss allowance rules of pass-through entities

Highlights

  • Tier one: Basis limitations for S corporation shareholders and partners
  • Tier two: 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees and shareholder/partner agreements
  • Tier three: 469 passive loss limitations and exceptions to the limitations
  • Tier four: The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new 461(l))

Objectives

Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications and complexities With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations

Prices

Member (Early Bird)
$169.00
Non-Member (Early Bird)
$219.00
Member
$194.00
Non-Member
$244.00
Your Price: $244.00

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Instructors

Robert M. Gilwee, CPA, MS

Robert M. Gilwee, Jr. is a partner in the accounting firm Grandizio, Wilkins, Little, & Matthews, LLP in Towson, Maryland.

He has more than 30 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations, and other entities.

He is a frequent discussion leader on a variety of taxation topics. He received the Top Manuscript Award from Coopers & Lybrand and he is a member of the adjunct faculties of several colleges in his area.

In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.

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