The TCJA made turning business losses into tax refunds far more difficult. The CARES Act suspended and modified many of these changes. This course will address the revised rules for deducting business losses and discuss planning ideas and potential pitfalls.
DESIGNED FOR
CPAs and members working in industry seeking a broader understanding of calculating and reporting business losses
BENEFITS
- Apply recent legislative developments related to deducting business losses and amending returns
- Identify planning ideas and potential pitfalls
HIGHLIGHTS
- Recent legislative developments for deducting business losses
- TCJA net operating losses rules of §461(l)
- §163(j) Business Interest Expense
- Limitations of deducting losses and basis
- What is the “quickie” refund
- Section 465: At-Risk amount
- Section 469 Passive Activity Loss rules
COURSE LEVEL
Intermediate
ADDITIONAL NOTES
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you need an EA certificate or wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.