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22WS-1357: Surgent's Guide to Understanding the At-Risk Basis Rules and Form 6198 (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Friday, January 13, 2023
Time 12:00pm - 2:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Specialty
credits
2.0 IRS CE approved
Instructor Michael Tucker, PhD, LLM, JD, CPA
Surgent
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $99.00

Description

Many tax clients with losses from their S Corporations, partnerships, and multiple-member LLCs treated as partnerships will want to use these losses to offset their other income from other sources. This program explains when, why, and how the at-risk rules apply to allow or to prevent the owner of a pass-through entity from taking a loss from a pass-through entity and using it to offset other income. This program is extremely helpful for anyone with pass-through entity clients.

Who should take this program?

Any tax practitioner wishing to understand the at-risk rules and how they apply to losses allocated to the owners of pass-through entities

Major subjects

  • Basis and at-risk basis
  • How to calculate the amount of annual at-risk basis
  • Form 6198
  • When activities may be aggregated for at-risk purposes
  • Qualified nonrecourse financing

Learning objective(s)

  • Understand how a client determines his or her at-risk basis in his or her pass through entity
  • Understand how the at-risk basis calculation differs from a regular basis calculation
  • Calculate the amount of an investor's annual at-risk basis
  • Understand the structure of IRS Form 6198 and how it relates to calculating a taxpayer's at-risk basis

Notes:

Course code Code 22WS-1357
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. A basic understanding of the tax rules relating to partner basis and S Corporation shareholder basis
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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