Webinar: New Reporting Rules For Passive Activity Groupings

Description

Recent IRS guidance requires taxpayers to report their groupings of passive activities and any subsequent changes. Often taxpayers wish to combine their participation in multiple activities to meet the test of active participation and get out of the PAL limitations. Learn about the new reporting rules that must be satisfied and limited relief for late elections in this timely 2-hour session.

Learning Objectives

Update investors in passive activities and their tax return preparers on critical new compliance requirements.

Major Topics

Passive activity overview.
Reg. 1.469-4 rules for grouping of trade or business or of real estate activities.
Rev. Proc. 2010-13 rules for reporting of groupings.
Effect of failure to aggregate real estate activities.
Rev. proc. 2011-34 IRS relief for late elections by real estate professionals.

Provider
CPA Crossings, LLC
Course Level
Intermediate
CPE Field of Study
Tax
2.0
Prerequisites

None

Advanced Preparation

None

Register Now
When
Aug 23, 2012
9:00 am - 11:00 am
Location
Online
Total CPE Credits
2.0
Format
Webinar

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Webinar: New Reporting Rules For Passive Activity Groupings