Experienced practitioners know some of the passive activity rules, but not all of them. This course is a comprehensive review that will take an in-depth look at the passive activity limitations through reviewing the code, all the regulations, and all relevant cases.
Lloyd Born is the advisor that seasoned CPAs call when they’re stumped by complicated tax questions and need advice that can’t be found anywhere else. Bring your questions and expect to be impressed by his command of this complex subject matter!
Loss limitations filters. PAL rules underlying principle. Activities subject to the PAL limitations. Material participation- section 469(h). Section 469( c )(7)- the “real estate professional exception”. Rental activities- Reg. Sec. 1.469-1T(e). Special rules re income or loss from a passive activity - section 469(e). Former passive activities -Section 469(f). Dispositions of entire interest in a passive activity- section 469(g). $25,000 offset for rental real estate activities. Self charged items of income and deduction- Reg. Sec. 1.469-7. Recharacterization of passive income - Reg. Sec. 1.469-2T(f). Special rule for publicly traded partnerships- section 469(k).
Take an in-depth look at the passive activity limitations through reviewing the code, all the regulations and all relevant cases.
This event features reduced virtual-event pricing. Find all events with virtual-event pricing here. For additional discounts, view our Value Programs
4.67 stars out of 5 - speaker rating for 2019 “Excellent! It is great that Lloyd has so much experience not only as a tax CPA but also years of owning commercial and residential real estate.” - past attendee
Mr. Born, a Certified Public Accountant, received a Bachelor of Science degree in Electrical Engineering and a Masters of Business Administration degree from the University of Washington.
While obtaining his MBA degree, he was employed by the Boeing Company. After obtaining his MBA degree, he joined KPMG Peat Marwick where be ultimately became a tax partner. He left Peat Marwick to become a real estate entrepreneur but continued to practice federal income tax.
After a successful career as a real estate entrepreneur, Mr. Born expanded his tax practice consulting with other CPAs relating to their more challenging tax questions primarily relating to real estate, partnership and advanced personal tax planning.
Mr. Born is the recipient of the Elijah Watt Sells silver medal award for the second highest grades in the United States on the CPA examination.
Mr. Born is an experienced educator who both writes and teaches tax courses for the Washington Society of Certified Public Accountants and teaches Masters of Taxation courses at Golden Gate University. Mr. Born also is an experienced speaker primarily on tax subjects including five presentations at the Northwest Tax Institute.
Non-Member Price $349.00
Member Price $249.00