The New 30% Business Interest Limitation of Section 163(j): A Practical Approach including Planning (Completed)
Date: Wednesday, August 7, 2019
Instructor: Greg White
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
|
The proposed regulations that cover the new 30% business interest limitation are over 400 pages long. But the regulations affect almost all our practices; even though who receive a Form K-1 from a partnership that shows “Excess business interest” on line 13, code K.
CCH will guide you through the maze with this two-hour CPE webinar taught by Greg White, CPA. This course will get you up to speed on how to apply the new business interest expense limitations.
Topics Covered
- Who is subject to the interest limitation rules?
- How is the $25 million threshold for commonly controlled entities determined?
- What is a tax shelter for this purpose?
How do you complete Form 8990If you have business clients subject to these limits, what planning strategies are available to reduce the sting of the new rules?
Learning Objectives
- Recognize and apply the rules to determine which clients are subject to §163(j)
- Recognize and apply strategies to reduce the impact of the interest limits
- Identify how to complete Form 8990
- Differentiate circumstances where real estate and farming businesses should make the election out of the interest limitation rules
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of federal income taxation concepts.
Advance Preparation
None
