Getting More Active with the Passive Activity Rules and the New Net Investment Income Tax (PAIT15)

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REGISTRATION STATUS: OPEN

Date:Tuesday, November 04, 2014
Time:8:30am - 4:30pm (Registration at 8:00am )
City:Boca Raton
Facility:Embassy Suites Boca Raton, Boca Raton
CPE Credit:8 Technical Business
Instructor: Deborah Phillips
Vendor:Surgent McCoy CPE, LLC
Subject:Taxes
Course Level:Intermediate

Description:
Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, even if they make a profit or a loss, because of the new net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules and will now expand their investigation to include the new NII tax.

Objectives:
Understand the passive activity rules on a much deeper level; Understand the new net investment income tax; Discuss tax planning issues on these topics with clients

Major Topics:
  • A survey of the 300 pages of regulations under the passive activity loss rules
  • Understanding and substantiating material participation
  • An in-depth discussion of when you may or may not make an aggregate election for activities
  • What does it mean to qualify as a real estate professional?
  • Understanding the implications of the new net investment income tax
  • Pass-through entity issues and answers
  • Investment income, passive income, and capital gain income: separate categories create unique problems
  • What expenses are allowed against NII, and how do you calculate them?
  • Carryovers, NOLs, AMT, and other issues
  • Tax planning for AGI and minimization of this tax
  • Unique new tax issues of sales of S corporation stock or partnership interests


Who Should Attend:
CPAs in public accounting who deal with complex individual tax returns

Prerequisite:
Five or more years in public accounting working on complex individual tax returns


Note:

FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.



Early Bird Price: $290 FICPA Members, $415 Non-Members

Regular Price on 10/26/2014: $345 FICPA Members, $470 Non-Members



Tuesday, November 4, 2014
Choose your event manual type (select only 1)
I will download the EZMaterials electronic course manual


I would like a hardcopy course manual for an additional $15, plus the EZMaterials electronic manual


 
 
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