Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities

Description

Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications, and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.

Highlights

• Tier 1: Basis limitations for S corporation shareholders and partners
• Tier 2: §465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
• Tier 3: §469 passive loss limitations and exceptions to the limitations
• Tier 4: The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new §461(l))

Designed For

Experienced practitioners who desire a refresher on loss limitiations and an analysis of the new rules.  Inexperienced practitioners who desire to learn the basics of all four pass-through loss limitations and their interactions in one course.