0       0

ENGAGE 2020


The Unexpected Limitations of the Excess Business Loss


Jun 11, 2020 1:30pm ‐ Jun 11, 2020 2:45pm

Description

Basis, at-risk, passive and now the Excess Business Loss restrictions limit the taxpayer's ability to deduct losses. The tax adviser may be surprised when taxpayer circumstances create an unexpected limitation. Proactive planning may reduce the surprise, but sometimes the result is unavoidable. Although designed as a deferral mechanism for deductions, the EBL may result in a permanent loss of tax benefits.

Learning Objectives:
  • Identify business income and expenses
  • Recognize when limitations apply
  • Explain why losses may be permanently disallowed

Speaker(s):

Tags: TAX
Category: Concurrent Session (Onsite and Online)

You must be logged in and own this session in order to post comments.

Print Certificate
Review Answers
Print Transcript
Completed on: token-completed_on
Review Answers
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content