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Surgent’s Guide to Understanding the At-Risk Basis Rules and Forms 6198 and 7203 – On-Demand Webcast (SU2511/24)

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Surgent’s Guide to Understanding the At-Risk Basis Rules and Forms 6198 and 7203 – On-Demand Webcast (SU2511/24)

Member Price $89
Non-Member Price $119
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May 1, 2024 @ 1:00 am - April 30, 2025 @ 1:00 am

Event 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.

Designed For

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

Objectives

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

Major Subjects

Basis and at-risk basis How to calculate the amount of annual at-risk basis Forms 6198 and 7203 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

Instructions

None

Details

Start:
May 1 @ 1:00 am
End:
April 30, 2025 @ 1:00 am
Cost:
$02 – $2024

Other

Credit Hours
2
Max Registrations
0
Course Level
I
Course Type
Webinar