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20WS-0689: Surgent's Section 163(j): Business Interest Limitation After TCJA (Webinar)

Date Monday, September 21, 2020
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Specialty
credits
4.0 IRS CE approved
Instructor Michael Tucker, PhD, LLM, JD, CPA
Surgent
Fees
Standard Member Fee $169.00
Standard Nonmember Fee $169.00

Online registration has closed. Please call 952-831-2707 to register.

Description

The Tax Cuts and Jobs Act added Section 163(j), limiting the deduction of business interest for certain taxpayers. Section 163(j) is accompanied by hundreds of pages of IRS regulations addressing important elements of this statute which we have incorporated into digestible parts of this program. Many taxpayers will be exempt from Section 163(j), and others can elect not to be subject to its provisions. The program covers the impact of the new legislation as well as which taxpayers are not subject to its provisions, either automatically or electively.

Who should take this program?

Tax practitioners who anticipate advising clients regarding this complex provision

Major subjects

  • Which taxpayers are subject to Section 163(j)?
  • The $26 million gross receipts test
  • What is an excepted trade or business?
  • Tax shelters and electing real property businesses
  • What is business interest for Section 163(j) purposes?
  • How does Section 163(j) impact pass-through entities?

Learning objective(s)

  • Understand how Section 163(j) impacts taxpayers, including pass-through entities
  • Calculate the $26 million gross receipts test

Notes:

Course code Code 20WS-0689
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Working knowledge of federal tax rules related to individuals and businesses
Advance
prep
None

Online registration has closed. Please call 952-831-2707 to register.