Passive Activities: Becoming a Tax Ninja, Part 1 Webcast [TSPA1]

Nov 21, 2024
Time: 08:30am-10:15am

Subject:

Taxation

Credit Hours:

2.00

Price:

Member: $120.00
Non-member: $150.00

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Discussion Leader:

George Koutelieris & Greg White    more info

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, the Alaska Society of CPAs and the Oregon Society of Certified Public Accountants.

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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Website registration for this course closes on November 20, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Passive Activities: Becoming a Tax Ninja, Part 1 Webcast (TSPA1)

November 21st, 2024 / 8:30 am 10:15 am

Live Webcast / Zoom

Join experts Greg White, CPA, and George Koutelieris, CPA, as they walk you through the latest techniques for mastering the complex passive activity rules. Well start with the basics of passive activities, including distinguishing passive income from nonpassive income. Well look at Congress purpose in enacting the passive activity rules (this is crucial to how we group activities). Well take a deep dive into how we can group passive activities in the most beneficial way. Topics will also include creating passive income generators and avoiding permanent loss of passive activity carryovers.

Major Topics:
- Congressional purpose behind the passive activity rules.
- Distinguishing passive income from nonpassive income.
- Grouping activities to reduce the impact of the passive activity rules.
- Creating passive income generators to increase deductible passive losses.

Learning Objectives:
- Identify the Congressional purpose behind the passive activity rules.
- Discover grouping strategies that can benefit your client.
-Apply the passive income generator strategy.

Designed For: CPAs and tax staff in public and private practice

CPE Credits: 2, Taxation

Level of Knowledge: Advanced

Prerequisite: None

Acronym: TSPA1

Discussion Leaders: Greg White, CPA & George Koutelieris, CPA