Loss Limitations Analysis: Basis, At-Risk, Passive, and NOLs
Recording of a 110-minute CPE webinar with Q&A
This course will discuss the hierarchy of basis, at-risk, passive loss limitations (PALs), net operating losses (NOLs) limitations, and steps to avoid and mitigate the limitation of losses for owners of partnerships and S corporations.
- At-risk limitations
- Passive loss limitations
- Net operating losses
- Planning opportunities
The panel will review these and other notable issues:
- The appropriate hierarchy for application of loss limitations
- What constitutes amounts at risk for partnerships and S corporations
- How can activities be aggregated to avoid passive loss limitations?
- When losses are carried forward, and how are losses applied to different types of income?
John Hadwen, CPA
Baker Newman Noyes
Mr. Hadwen leads the firm’s tax practice’s Partnership/Subchapter-K group. He specializes in federal and... | Read More
Mr. Hadwen leads the firm’s tax practice’s Partnership/Subchapter-K group. He specializes in federal and state taxation of individuals, partnerships, and S corporations and primarily serves clients in the retail, real estate, and professional service industries. Mr. Hadwen has extensive experience in partnership tax compliance and tax planning including mergers, acquisitions, and terminations; like kind exchanges; drop and swap transactions; and computation of Section 754 basis adjustments. In addition, Mr. Hadwen is a key member of the firm’s task force for the 2017 Tax Cuts and Jobs Act including writing articles, training, and presenting internally and externally on the new 20% qualified business income deduction, the vastly expanded business interest expense limitation, and other tax reform topics.Close
Margaret Reach, CPA
MBAF Certified Public Accountants
Ms. Reach has been in the public accounting profession since 2011. She provides tax compliance and planning services to... | Read More
Ms. Reach has been in the public accounting profession since 2011. She provides tax compliance and planning services to domestic and international clients, including C-corporations, partnerships, and foreign corporations. Ms. Reach assists clients with the U.S. tax treatment of transactions and day-to-day operations for various entities including privately held funds, real estate investment management and development companies, investments in real estate by insurance companies, and real estate investment trusts. Prior to joining MBAF, she worked for a Big Four firm in New York City that focused on serving private equity, real estate, and institutional investors.Close
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