The New 30% Business Interest Limitation of Section 163(j): A Practical Approach including Planning (Completed)

Date: Monday, August 26, 2019
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am 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 8990
  • If 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

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