Surgent's Restrictions on Non-Corporate Business Losses After Tax Reform (NCBL)

Description

The Tax Cuts and Jobs Act of 2017 provides that for taxable years beginning after December 31, 2017 and before January 1, 2026, "excess business losses" of a taxpayer other than a corporation are not allowed for the taxable year. This provision, a fourth loss limitation after basis, at-risk and passive activity loss limits, will come as a very unwelcome surprise to taxpayers expecting large loss deductions over the next eight years.

Date/Time

Friday, August 30, 2019
Registration Time: 12:00pm
12:00pm – 2:00pm

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Basic

Designed For

Tax practitioners who anticipate advising clients with respect to taking losses from investments in the years 2018 through 2025

Vendor

Surgent McCoy CPE, LLC

Prerequisites

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None

Highlights

  • What is an excess business loss
  • The $250,000/$500,000 annual loss limitation
  • Treatment of excess business loss carryovers
  • New net operating loss limitation provisions and their relationship to excess business losses

Objectives

  • Help advise clients regarding the new limitations on deducting excess business losses

Location

N/A (This is a webcast)
Member Fee $89.00
Non-Member Fee $89.00
Your Price $89.00

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