Form 8582: Passive Activity Reporting and Impact of 3.8% Medicare Tax
Tackling Complex Passive Activity Computations; Navigating Income Tax and AMT Reporting Challenges
Recording of a 110-minute CPE/CLE webinar with Q&A
This webinar will update tax advisors and return preparers on the key challenges and practical solutions for accurately preparing Form 8582. The panel will provide guidance and rules to minimize the impact of the 3.8% surtax and maximize permissible use of passive losses.
Outline
- Overview of federal passive activity rules
- Material participation
- 469 exception
- Real estate
- Form 8582
- Filling out the forms
- Compliance best practices
- Latest developments
- New 3.8% Medicare surtax
- New procedures for late elections
Benefits
The panel will explore such topics as:
- Completing Form 8582—and the key computations to arrive at correct data.
- Avoiding common errors in completing Form 8582 for clients.
- Taking advantage of opportunities with the new 3.8% Medicare surtax for taxpayers utilizing passive activities—and what tax advisors and preparers should do now.
- Regrouping activities to potentially meet the material participation standards for non-passive activity.
Faculty
Albert Dumaual
Atty
Capell Barnett Matalon & Schoenfeld
Mr. Dumaual’s areas of practice focus primarily on tax and estate planning. He received his LL.M. in... | Read More
Mr. Dumaual’s areas of practice focus primarily on tax and estate planning. He received his LL.M. in Taxation from the NYU School of Law and his Juris Doctor from Touro College Jacob D. Fuchsberg Law Center, where he graduated cum laude.
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Damien R. Martin
Senior Manager
BKD
Mr. Martin’s areas of expertise include tax preparation and consultation for closely-held corporations and their... | Read More
Mr. Martin’s areas of expertise include tax preparation and consultation for closely-held corporations and their shareholders; estate and gift planning; tax planning for high-net worth individuals; business succession planning; multi-state and international taxation; and representation before the Internal Revenue Service and state tax authorities. He is a frequent lecturer and author on various individual and tax planning topics.
CloseDouglas N. Rubenstein
Director
Katz Sapper & Miller
With over 20 years of experience, Mr. Rubenstein is a Director in the firm's Tax Department and Real Estate... | Read More
With over 20 years of experience, Mr. Rubenstein is a Director in the firm's Tax Department and Real Estate Services Group. He advises clients in a wide variety of accounting, tax and business matters. Mr. Rubenstein has extensive experience in tax planning, tax compliance, financial statement analysis, and forecasts and projections, in addition to managing business issues specific to the real estate industry.
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