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Live Webcast Replay

2024 Self-Rental Real Estate Passive Activity Rules


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   13
Categories:
ACPEN Tax Institute |  IRS Approved |  Tax
Faculty:
Steven C. Dilley, CPA, JD, PhD
Course Levels:
Intermediate
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Loans, rental agreements, business combinations – what do these all have in common? They all have the potential of creating a related party transaction.  This program presents a detailed analysis of the financial accounting rules for transactions with related parties, as well as compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Basic Course Information

Learning Objectives
  • Identify the passive activity and flow-through entity rules for "self-rental property" and show how these situations should be reported on various tax forms

Major Subjects
  • Definition of self-rental property – both for Sections 199A and 469
  • Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1
  • Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2
  • Self-rental property and the Form 8582 (passive activity)Self-rental property and the flow-through entity grouping election
  • Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards
  • Self-rental property and "former passive activities" rules

Course Materials

Faculty

Steven C. Dilley, CPA, JD, PhD's Profile

Steven C. Dilley, CPA, JD, PhD Related Seminars and Products


Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.


Dates

Mon, Oct 28, 2024 - 05:00pm to 06:53pm EDT
Sat, Nov 16, 2024 - 09:00am to 10:53am EST
Wed, Nov 27, 2024 - 11:00am to 12:53pm EST
Tue, Dec 10, 2024 - 01:00pm to 02:53pm EST
Thu, Dec 19, 2024 - 07:00pm to 08:53pm EST
Sat, Dec 28, 2024 - 05:00pm to 06:53pm EST
Tue, Jan 07, 2025 - 09:00am to 10:53am EST
Wed, Jan 22, 2025 - 11:00am to 12:53pm EST
Fri, Feb 14, 2025 - 01:00pm to 02:53pm EST
Wed, Feb 26, 2025 - 03:00pm to 04:53pm EST
Sat, Mar 15, 2025 - 05:00pm to 06:53pm EDT
Fri, Mar 28, 2025 - 09:00am to 10:53am EDT
Fri, Apr 11, 2025 - 11:00am to 12:53pm EDT
Tue, Apr 29, 2025 - 07:00pm to 08:53pm EDT

Additional Info

Basic Course Information

Prerequisites Basic working knowledge of business taxation and passive activity rules
Advanced Preparation

None


Designed For CPAs working in public accounting firms and members in industry
Original Recording Date 04/2024
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 3/13/24

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

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Overall:      4.5

Total Reviews: 13