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This course covers passive loss issues for the small tax client and consist of basis, at risk limitations, single versus multiple activities, carry-forwards, Form 8582 and Dispositions, IRS Code Section 469, IRS Publication 925, IRS Forms K-1 and 8582 Disposition of Passive Activities, Passive Creditss and Real World Taxpayer Scenarios.

The course is taught by Professor Arthur Reed and falls under the CE Federal Tax category. 

Learning Objectives

  • Know and understand IRS Code Section 469.
  • Learn and apply passive loss issues by working through several "Real World" Scenarios.
  • Learn and apply the rules from IRS Publication 925.
  • Know Forms K-1 and 8582.
  • Know and understand the disposition of passive activities rules.
  • Understand passive credits through the review of a "Real World" Taxpayer Scenario.
Last updated/reviewed: November 10, 2019

Prerequisites

Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  15:441 Introduction to Passive Loss Issues For The Small Client
  5:02Lesson 2 Review IRS Code Section 469
  12:03Lesson 3 Review a Real World Taxpayer Scenario
  6:06Lesson 4 Review a Real World Taxpayer Scenario - Part 2
  11:23Lesson 5 Review IRS Publication 925
  9:30Lesson 6 Review IRS Forms K-1 and 8582
  10:59Lesson 7 Disposition of Passive Activities
  3:07Lesson 8 Review of Real World Taxpayer Scenario
  5:35Lesson 9 Passive Credits and Review a Real World Taxpayer Scenario
CONTINUOUS PLAY
SUPPORTING MATERIALS
  PDFPassive Loss Issues for the Small Client Glossary/Index
  PDFForm 1120S
  PDFIRC
  PDFPublication 925
  PDFForm 8582
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM