Guide to Understanding the At-Risk Basis Rules and Forms 6198 and 7203 (VIRTUAL SEMINAR)

Monday, August 29 8:00am - 9:40am

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Webinar

123 Webinar Way
Webinar, IA 00000

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2.00 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

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 seminar is extremely helpful for anyone with pass-through entity clients.

Highlights

  • 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

Prerequisites

A basic understanding of the tax rules relating to partner basis and S corporation shareholder basis

Designed For

CPAs and other business professionals

Objectives

To explain 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.

Notice

  • This seminar has been approved for 2 hours of IRS CE credit for Enrolled Agents (EA) and Registered Tax Return Preparers (RTRP) with PTIN numbers. Please complete and return the request form PRIOR to the seminar if you are an EA or RTRP and would like to receive IRS CE credit.
  • This seminar is only available via live webcast.

Leader(s):

Leader Bios

Arthur Auerbach

Arthur Auerbach, CPA, is a sole practitioner specializing in planning for individuals and closely held corporations. He is former chairman of the Federal Taxation Committee of the District of Columbia Institute of CPAs and serves as a member of that committee. He was also a member of the Board of Governors of the District of Columbia Institute of CPAs. Auerbach was formerly an editor for the Research Institute of America and a tax partner for a large regional CPA firm. His 38 years of experience also includes a position as an adjunct assistant professor at Pace University in New York where he taught intermediate and cost accounting. He has written many articles and is co-author of several books. He holds a B.B.A. from Pace University.

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Non-Member Price $119.00

Member Price $89.00