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PRODID://NDCP//498047
BEGIN:VEVENT
DTSTAMP:20260429T194714
VTIMEZONE:America/Chicago
DTSTART:20260611T130000Z
DTEND:20260611T163000Z
UID:498047
SUMMARY:Surgent's Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities (FTL4)
LOCATION:Webinar
DESCRIPTION:Surgent's Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities (FTL4)\n\n06/11/26 08:00 AM CST\n - 06/11/26 11:30 AM CST\Description:\nOwners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications, and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.Objectives:
 Analyze how basis in an ownership interest in a pass-through entity is established
 Discuss how activity of the entity, distributions, and optional adjustments increase or decrease basis
 Discuss when basis is "at-risk" under Section 465, and the resulting loss disallowance and carryforward related to basis that is not at-risk
 Define passive activities under Section 469 and exceptions to the passive loss rules
 Discuss when and how aggregation of activities should be used to avoid the passive loss rules
 Analyze §461(l) created by the Tax Cuts and Jobs Act of 2017 and understand the limitation calculation and resulting carryforward
 Analyze the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact
 Use case studies to reinforce the learning objectives
 Presenters:Michael Frost, CPAField of Study:Taxes (4)Major Topics:
 The OBBBA
 Tier 1: Basis limitations for S corporation shareholders and partners
 Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
 Tier 3: Section 469 passive loss limitations and exceptions to the limitations
 Tier 4: The excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new §461(l)), American Rescue Plan Act, and Inflation Reduction Act
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities (FTL4)<br /><br />06/11/26 08:00 AM CST - 06/11/26 11:30 AM CST<br />Description:<br />Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications, and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.<br><br><b>Objectives:</b><br><ul>
    <li>Analyze how basis in an ownership interest in a pass-through entity is established</li>
    <li>Discuss how activity of the entity, distributions, and optional adjustments increase or decrease basis</li>
    <li>Discuss when basis is "at-risk" under Section 465, and the resulting loss disallowance and carryforward related to basis that is not at-risk</li>
    <li>Define passive activities under Section 469 and exceptions to the passive loss rules</li>
    <li>Discuss when and how aggregation of activities should be used to avoid the passive loss rules</li>
    <li>Analyze &sect;461(l) created by the Tax Cuts and Jobs Act of 2017 and understand the limitation calculation and resulting carryforward</li>
    <li>Analyze the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact</li>
    <li>Use case studies to reinforce the learning objectives</li>
</ul><br><b>Presenters:</b><br>Michael Frost, CPA<br><br><b>Field of Study:</b><br>Taxes (4)<br><br><b>Major Topics:</b><br><div>
<ul>
    <li>The OBBBA</li>
    <li>Tier 1: Basis limitations for S corporation shareholders and partners</li>
    <li>Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements</li>
    <li>Tier 3: Section 469 passive loss limitations and exceptions to the limitations</li>
    <li>Tier 4: The excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new &sect;461(l)), American Rescue Plan Act, and Inflation Reduction Act</li>
</ul>
<br />
</div><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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DESCRIPTION:Reminder
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