Passive Activity and At-Risk Rules: Essentials for Residential Real Estate
Author: Spidell Publishing, LLC
Electronic version only
This course discusses two sets of IRS rules that may limit the amount of deductible loss from trade, business, rental, or other income-producing activities on a tax return-the passive activity rules and the at-risk rules. As a basic level course, it is most beneficial to professionals new to the passive activity and at-risk rules for deducting losses, such as those at the staff or entry level of the organization. It may also benefit an experienced professional with limited exposure to these rules.
With this two-hour course, you will:
- Get a 28-page PDF document
- Assess issues that taxpayers may face when dealing with the passive activity rules
- Determine how the at-risk rules limit a taxpayer’s losses
| Designation | CPE Hours |
|---|---|
| CPA | 2 Taxes |
| EA | 2 Federal Tax |
| CRTP (CTEC) | 2 Federal Tax |
| Attorney | 1.5 General MCLE/Tax Specialization |
Course level: Basic
A familiarization with passive activity and at-risk rules for tax deductible losses.
Want to order by phone? Call us at: (800) 277-2257
This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury’s Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. Spidell Publishing, LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.
Spidell Publishing, LLC 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 2 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. General understanding of federal income taxation is required.
