Don Farmer’s Passive Activities: Foundational Rules, Income Characterization & Strategic Grouping
Overview
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Demystify the complex world of passive activity rules. Build a rock-solid foundation by learning how to distinguish passive income from nonpassive income and understand the reasoning behind Congress’s creation of these rules — a key to making smart grouping decisions. We’ll take a deep dive into how to group activities in the most tax-efficient way, plus cover clever strategies like creating passive income generators and avoiding the permanent loss of passive activity carryovers. If passive activity rules have ever felt overwhelming, this engaging, practical session will help you turn confusion into confidence.This course is part of a four-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.
Highlights
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Congressional purpose behind the passive activity rules.
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Distinguishing passive income from nonpassive income.
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Grouping activities to reduce the impact of the passive activity rules.
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Creating “passive income generators” to increase deductible passive losses.
Prerequisites
None
Objectives
- Identify the Congressional purpose behind the passive activity rules.
- Discover grouping strategies that can benefit your client.
- Apply the “passive income generator” strategy.
Leader(s):
Leader Bios
George Koutelieris
Specializing in all phases of tax work, including planning and consulting on complex tax transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners.
Non-Member Price $99.00
Member Price $79.00