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
Course code
Code
22WS-1357
Sponsor
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.
