Description
In partnership with VSCPA, this program will be held on the VSCPA Zoom platform. Your Zoom link will be sent out to you via email prior to the event.
Kick off this four-part seminar with tax experts Greg White, CPA, and George Koutelieris as they demystify the complex world of passive activity rules. In this first session, you’ll build a rock-solid foundation by learning how to distinguish passive income from nonpassive income and understand the reasoning behind Congress’s creation of these rules — a key to making smart grouping decisions. We’ll take a deep dive into how to group activities in the most tax-efficient way, plus cover clever strategies like creating passive income generators and avoiding the permanent loss of passive activity carryovers. If passive activity rules have ever felt overwhelming, this engaging, practical session will help you turn confusion into confidence. – Part 1
Event Level: Basic
Who Should Attend: CPAs and tax professionals involved in the world of tax
Required Knowledge: None
Advanced Preparation: None
Vendor: Don Farmer Tax Education
Speaker: Koutellieris, George
Speaker: White, Greg
Objective
* Identify the Congressional purpose behind the passive activity rules * Discover grouping strategies that can benefit your client * Apply the “passive income generator” strategy. MAJOR TOPICS * Congressional purpose behind the passive activity rules * Distinguishing passive income from nonpassive income * Grouping activities to reduce the impact of the passive activity rules * Creating “passive income generators” to increase deductible passive losses
Credit Types
- Taxes: 2
Event Speaker(s)
Event Level:Basic
Event Code:WF001625
Event Vendor:Don Farmer
Fields of Study:Taxes
Other fields:
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Don Farmer: Live Online-(2 Hours) | Members | $79.00 |
| Don Farmer: Live Online-(2 Hours) | Non Members | $99.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.