PASSIVE LOSS TIER LEVELS

Attend this half day seminar for an informed discussion of the following topics:

Four stages

• Tier 1: Basis limitations for S corporation shareholders and partners
• Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
• Tier 3: Section 469 passive loss limitations and exceptions to the limitations
• Tier 4: The excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new §461(l))

Differences between passive and active activities

• Criteria that defines them both
• What activities are affected
• Tax ramifications for reporting income and losses

Registration Form: 2025 Spring CPE Registration Form