2024 Business Losses: Going Backward and Forward
Tuesday, November 26, 2024
Webcast or Webinar, Online
7:00 PM - 9:00 PM (opens at 6:30 PM) EST
2Credits
Technical Business
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 24/AC120795
Level: Intermediate
Vendor: ACPEN
Field of Study: Taxes
Overview:
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.
**Please 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 [email protected].
Objectives:
- Apply recent legislative developments and deducting business losses and amending returns
- Identify planning ideas and potential pitfalls
Major Topics:
- 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
Major Topics:
- 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