Income Tax Planning for
LLCs, FLPs, Trusts and Estates
(And Their Owners or Beneficiaries)
Just Got Trickier!
Under IRC Section 1411, income from pass-through entities received by a taxpayer is subject to the 3.8% net investment income tax (NIIT) if it is (1) from a passive activity and (2) not derived in the ordinary course of trade or business. Therefore, any income an individual or trust or estate receives from an activity will be subject to the NIIT if the individual or trust or estate is passive in the activities. In order for the individual or trust or estate to avoid being passive with regard to those activities, it must “materially participate” under the passive activity loss rules promulgated in Section 469 and the Regulations thereunder.
If you’re an attorney or CPA who advises (or does tax returns for LLCs, FLPs, Trusts or Estates), you need to know:
- How the passive activity loss rules in Section 469 and its Regulations impact the NIIT
- What constitutes “material participation”
- How to utilize “grouping”
- The self-rental rule
- The real estate professional rule
- How to navigate the self-charged interest rule
- Applicable case law and IRS guidance
- Where the planning opportunities are
Join us and nationally renowned CPA, Robert Keebler, for a special presentation entitled, “What You Need to Know About the Passive Loss Rules for LLCs, FLPs, Trusts and Estates.”
- Program Title: What You Need to Know About the Passive Loss Rules for LLCs, FLPs, Trusts and Estates
- Speaker: Robert S. Keebler
- Duration: 90 Minutes
ABOUT THE SPEAKER
CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer…
IMPORTANT NOTICE REGARDING CE CREDIT
The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.
However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.