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The New Section 163(j) Interest Expense Deduction

1:00 pm–4:45 pm ET

# of CPE Credits

4

Description

Beginning in 2018, most businesses with over $25 million in average annual gross receipts must deal with a new limit on their interest expense deductions, now 30% of adjusted taxable income. This “simple” limitation took the IRS over 250 pages to flesh out in proposed regulations. This course will help you understand this major new provision, and the pros and cons of electing out.

Objective

Upon completion of this course, you will be able to * Gain a better understanding of Section 163(j) and its application to business entities * Review recent legislation, proposed regulations, and developments

Highlights

* Broad definition of interest * Gross receipts test * Aggregation * Ordering rules for deductions and carryforwards * Rules for C Corporations * Application to partnerships, S Corporations, and their owners * Electing out by excepted trades or businesses (real estate, farming, and regulated utility businesses) * Rev Proc 2018-59 Safe Harbor * Required use of ADS depreciation * Reporting on Form 8990

Who Should Attend

CPAs and members in industry seeking to better understand the new interest expense deduction rules

Required Knowledge

Basic knowledge of tax preparation

Advanced Prep

None

Event Speaker(s)

Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at onlinelearning@ncacpa.org, and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at support@peachnewmedia.com.

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.

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Share This Event

Event Vendor:Van Der Aa Tax Ed, LLC
Field of Study:Taxes
Level: Update
Other:New Course

Event Type:Webcast
Event Code:W0010119

Registration Fees

Registration Fee Early Bird Regular
NCACPA Member N/A $150.00
Non-Member N/A $200.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with 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 more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800- 469-1352.