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Wednesday, November 20, 2019 Webcast

Guide to Understanding the At-Risk Basis Rules and Form 6198  (X1-UARB-2019-01-WEBNR-324-01)

10:00 AM - 12:00 PM EDT
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

Many tax clients with losses from their S corporations, partnerships, and multiple-member LLCs treated as partnerships will want to use these losses to offset their other income from other sources. This program explains when, why, and how the at-risk rules apply to allow or to prevent the owner of a pass-through entity from taking a loss from a pass-through entity and using it to offset other income. This program is extremely helpful for anyone with pass-through entity clients.

DESIGNED FOR

Any tax practitioner wishing to understand the at-risk rules and how they apply to losses allocated to the owners of pass-through entities.

BENEFITS

  • Understand how a client determines his or her at-risk basis in his or her pass through entity
  • Understand how the at-risk basis calculation differs from a regular basis calculation
  • Calculate the amount of an investor's annual at-risk basis
  • Understand the structure of IRS Form 6198 and how it relates to calculating a taxpayer's at-risk basis

HIGHLIGHTS

  • Basis and at-risk basis
  • How to calculate the amount of annual at-risk basis
  • How to prepare Form 6198
  • When activities may be aggregated for at-risk purposes
  • Qualified nonrecourse financing

COURSE LEVEL

Intermediate

PREREQUISITES

A basic understanding of the tax rules relating to partner basis and S corporation shareholder basis.

ADVANCE PREPARATION

None

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$89.00 - Member

$89.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent