Passive Activities: Becoming a Tax Ninja Part 2
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC
2 hours Federal Tax Related for EAs and OTRPs |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert Greg White, CPA, as he walks you through the latest techniques for minimizing the impact of the passive activity rules. We’ll look at all seven different methods of satisfying the “material participation” rules, and what recent case law tells us about how these rules work. We’ll discuss which time counts for material participation (and which time does not count) and how to document the time that clients spend.
Publication Date: October 2023
Topics Covered
- The seven ways to satisfy the "material participation" rules
- Deep dives into the "facts and circumstances" material participation rule and the significant participation activity methods
- Which time counts toward material participation (and which time doesn't count)
- How to document material participation
Learning Objectives
- Identify the different ways of satisfying the material participation rules
- Identify the detailed requirements of the "facts and circumstances" material participation test and the "significant participation activities" test
- Recognize how to compute time that counts towards material participation and time that doesn't count
- Identify methods of documenting material participation
- Identify the number of material participation tests that must be met in order to result in material participation
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
