TAX TREATMENT FOR REAL ESTATE PROFESSIONALS FOR PURPOSES OF 469/1411/199A

Description:

This is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., LL.M., CPA. Topics include a detailed analysis of section 469(c)(7), Reg. 1.469-9, and several cases involving the requirements which must be met in order to qualify as a real estate professional (REP) including a discussion of the requirement to materially participate in rental real estate activities, the election under Reg. 1.469-9(g) to aggregate rental real estate activities, and Rev. Proc. 2011-34 that allows this election to be made on an amended return for a prior taxable year and its effect on PAL carryovers and prior and subsequent dispositions of property; the consequences of REP status for purposes of section 1411 and Reg. 1.469-4(g)(7); and more. 

Sign up for both 1/2 day classes on Sept. 30 for discounted price of $290.
 

Highlights:

  • Detailed analysis of section 469(c)(7), Reg. 1.469-9, and several cases involving the requirements which must be met in order to qualify as a real estate professional (REP)
  • The election under Reg. 1.469-9(g) to aggregate rental real estate activities, and Rev. Proc. 2011-34 that allows this election to be made on an amended return for a prior taxable year and its effect on PAL carryovers and prior and subsequent dispositions of property
  •  The consequences of REP status for purposes of section 1411 and Reg. 1.469-4(g)(7)

Objectives:

Provide real estate professionals and their financial advisors with an understanding or IRS sections 469, 1411 and 199A as it pertains to tax status and reporting.

Prerequisites:

Familiarity with basic understanding of tax reporting requirements.

Notes:

 

Category:

TX

Credits:

4

Members

Standard Fee: $195.00

Non-Members

Standard Fee: $195.00

Register Now

Vendor:

Boston Tax Institute, Ltd.

Location:

Fireside Inn & Suites
81 Riverside Street
Portland, ME 04103
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Start:

September 3, 2020 12:30pm

End:

September 3, 2020 4:30pm

Check-in starts at 12:15pm

Leader:

Gauthier, Lucien P.

Lucien P. Gauthier, Esq., LL.M., CPA: Boston University Collage of Business Administration (B.S. in B.A.); Boston University School of Law (Juris Doctor and Master of Laws Degrees in Taxation); George Washington National Law Center (Master of Laws); Formerly an Adjunct Assistant Profession in the Bentley College Graduate Tax Program; Tax Attorney in private practice for 50 years in the Boston area.

Designed For:

Accounting practitioners, tax preparers and financial advisors to real estate owners, investors and professionals.

Yes

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