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    Special Topics Presents Passive Activity Losses
    Complexity Untangled (a 4-part series)
    Orlando, Florida
    September 10, 2018 | 8 CPE

Special Topics Presents Passive Activity Losses:
Complexity Untangled (a 4-part series)
September 10, 2018

Course Description: This course takes the Tax Professional with a basic understanding of the Passive Activity Loss (PAL) rules under IRC 469 into the advanced aspects including related Code sections that often coexist. While PAL has been around since 1986 it is often minimally understood and misapplied. There are additional components added over the years that will be addressed including Real Estate Professional (RE Pro), grouping, Net Investment Income Tax, and the Pass-through Deduction.

Some of the topics to be explored and dissected in each two-hour event include

Part 1: Fundamentals
  • Material participation tests
  • Activity based reporting
  • Documentation
  • Recharacterizations rules (self-rental, land, SPA)
  • Examination strategies
  • Cases & rulings
Part 2: Grouping
  • Economic Grouping
  • Disclosure rules under Rev Proc 2010-13
  • Fresh Start under IRC 1411
  • Significant Participation Activity (SPA)
  • Tax planning considerations
  • Cases & rulings
Part 3: Real Estate Professional
  • Real property trade or business
  • Properties included in RE Pro
  • Aggregation Election
  • Reporting (Form 1040, Schedule C or E; Pass-through entity, Page 1 or Form 8825)
  • Net Investment Income Tax implications under IRC 1411
  • Planning opportunities
  • Cases & rulings
Part 4: Interrelated Issues
  • Shared Economy
  • SE Tax implications under IRC 1402
  • Rental of a personal dwelling unit under IRC 280A
  • Conversion to/from personal residence
  • Like kind exchanges under IRC 1031
  • Exclusion under IRC 121

Learning Objectives: At the completion of the series, participants will be able to understand and apply various aspects of the PAL rules and how they commonly interplay with other Code sections. Participants will be better equipped to provide wholistic planning and preparation.

Instructor: Kelly H. Myers, M.B.A.

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$329.00 $399.00 Register Now!

NSTP Special Topics Presents:

Complexity Untangled
(a 4-part series)

CPE Program Standards

  • CPE Credits: 8 CPE Tax Law
  • Course Level: Advanced
  • Prerequisite: Basic Law
  • Advance Preparation: None
  • Delivery Method: Group Live


  • IRS: 8 CPE Tax Law
  • NASBA: 8 Taxes
  • CTEC: 8 Federal Tax

Schedule Times:

  • Part 1 - 8:00 AM
  • Part 2 - 10:00 AM
  • Part 3 - 1:00 PM
  • Part 4 - 3:00 PM
  • Lunch - 11:45  AM - 1:00 PM
  • Session Concludes - 4:45 PM

Administrative Policies NSTP follows strict administrative policies

Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
  • NSTP provides refunds to registrants up to 14 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.