Tax Planning for Real Estate Professionals: Passive Activity Rules, Material Participation Tests, NIIT, Aggregation
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE course will provide attendees with an in-depth analysis of essential tax planning techniques and challenges for real estate professionals. The panel will discuss the criteria to be a real estate professional for tax purposes, passive activity rules, material participation tests, aggregating rental properties, grouping strategies, and other key tax planning considerations.
- Real estate professional status
- Material participation test
- Trade or business income
- Other tax planning considerations
The panel will review these and other critical issues:
- What constitutes a real estate trade or business?
- Aggregating real estate activities
- Meeting the material participation test
- When is rental real estate subject to NIIT?
- When does real estate qualify for the 199A deduction?
Nitin Illiparambil, CPA, MST
Senior Tax Manager
Mr. Illiparambil is a Senior Tax Manager and member of the Privately Held Business Group, with over eight years of... | Read More
Mr. Illiparambil is a Senior Tax Manager and member of the Privately Held Business Group, with over eight years of experience in public accounting. He specializes in providing tax compliance, planning and consulting services to various clients in the
financial services industry with a focus on real estate. Some of Mr. Illiparambil's clients include REIT’s owner-operators, management companies, fund of funds, master-feeders, blocker corporations, and joint ventures. He also has experience with review and analysis of operating agreements, carried interest allocations, multi-state partnership taxation, and tax provision work. Mr. Illiparambil has also advised and assisted fund managers as well as tax exempt investors during formation in
order to minimize tax considerations. In addition to tax compliance and advisory services, he also has experience with tax controversy matters, representing clients before the IRS, and various state taxing authorities. Examinations include negotiating settlements and state and local tax issues. Mr. Illiparambil has contributed to and published articles on various tax legislation affecting the industry today.
Brian T. Lovett, CPA, JD
Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses,... | Read More
Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses, including all aspects of tax compliance for partnerships and corporations. He advises clients with regard to the structure and tax consequences of new business ventures, and assists with restructuring existing businesses for increased tax efficiency. Prior to joining his firm, he was with a “Big 4” accounting firm, working closely with large, multinational real estate investment companies.Close