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Passive Activities and Rental Real Estate Income Tax Issues (4152531F)
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"This comprehensive course is designed to get you up to speed quickly with the complex and ever-changing passive activity loss (PAL) rules that apply to certain investments in trade or businesses and rental properties. The cornerstone of the course is the in-depth coverage of the detailed tax law and regulations applicable to passive activities under IRC 469 and how and when the new 3.8% net investment income tax under 1411 applies. "

11/5/2015
When: 11/5/2015
7:30 AM - 3:00 PM
Where: Webcast/Webinar
Presenter: Mark Vanden Berge
Contact: April Deneault
801-834-6634


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This comprehensive course is designed to get you up to speed quickly with the complex and ever-changing passive activity loss (PAL) rules that apply to certain investments in trade or businesses and rental properties. The cornerstone of the course is the in-depth coverage of the detailed tax law and regulations applicable to passive activities under IRC 469 and how and when the new 3.8% net investment income tax under 1411 applies.


Objectives:



    Walk away with a complete understanding of the passive activity loss (PAL) rules and optimize any tax benefits with respect to them
    Learn how to identify what activities are subject to the PAL rules and the special exceptions to the them
    Understand the tax ramifications of income, losses and dispositions of passive activities


        
   

Major Subjects:


·       In-depth coverage of calculating a S shareholder’s stock and debt basis and a partner/member’s outside basis
·       Learn the three limitations for deducting losses and deductions on the owner’s individual income tax return (i.e., basis, at-risk and other Form 1040 limitations)
·       Determine if cash or non-cash distributions are taxable to the owners and how they affect the basis calculations
 
           

Designed For:

CPAs and tax professionals that need an in-depth training course on the passive activity loss rules and how they apply to certain investments in trade or businesses and rental properties.

Prerequisite:  General knowledge in individual/business income taxes and how they relate to the passive activity laws. 

Advanced Prep:  None

Speaker:  Mark Vanden Berge

Vendor: CalCPA

Field of Study: Taxes

Level:  Intermediate

CPE Credit: 8 Hours

Acronym: PARE

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

Mark Vanden Berge has over 30 years of experience in the field of public accounting. After graduating from Northwestern College, he accepted a staff position with a local CPA firm where he was exposed to all areas of public accounting. Four years later, he accepted a position with a regional CPA firm in its tax division. Within two years, he was in charge of the tax division and primarily responsible for over 500 tax clients. After three years, he established his own firm, Vanden Berge, Inc., in Sioux Falls, South Dakota, and still operates that firm as CEO and president. The firm assists its clients in all areas of taxation, business planning, and financial consulting.
Vanden Berge is also CEO and president of VBI Company, Inc., an independent commodity brokerage firm also located in Sioux Falls. VBI has seven branch offices in the Midwest. In addition to offering the typical retail brokerage services, VBI is active in the managed futures industry. Vanden Berge has passed the Series 7 Securities exam as well as holding the Series 3 license. He was involved in taking a telephone company public and an IPO roll-up with several other companies in 2000. Additionally, he has had ownership interests in trucking and freight companies, retail sales businesses, and software companies. This broad background has provided Vanden Berge with a wide range of experiences in the areas of taxation, business, and finance.

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