Passive Activities: Becoming a Tax Ninja, Part 3 Webcast [TSPA3]

Subject:

Nov 21, 2024
Time: 12:45pm-2:30pm
Taxation

Credit Hours:

2.00

Price:

Member: $120.00
Non-member: $150.00

Discussion Leader:

George Koutelieris & Greg White

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.

Full Description

Passive Activities: Becoming a Tax Ninja, Part 3 Webcast (TSPA3)

November 21st, 2024 / 12:45 pm 2:30 pm

Live Webcast / Zoom

Join experts Greg White, CPA, and George Koutelieris, CPA as they walk you through the latest techniques for minimizing the impact of the passive activity rules. Well take a deep dive into rental real estate, including the special rules that apply to rental real estate (the automatically passive rule). Well also explore the exceptions to the automatically passive treatment, including real estate professionals, short-term rentals, active participation (for moderate income taxpayers) and self-rentals.

Well also cover what it takes to be a real estate professional and whether your clients should make the election to aggregate rental properties.

Major Topics:
- Special passive activity rules that apply to rental real estate.
- Exceptions for real estate professionals and short-term rentals.
- Aggregation of the rentals of a real estate professional.

Learning Objectives:
- Identify the special passive activities rules that apply to rental real estate.
- Identify common types of real estate professionals.
- Discover the special rules that apply to short-term rentals (like Airbnbs).
- Compute the loss available under the active participation rule.

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

CPE Credits: 2, Taxation

Level of Knowledge: Advanced

Prerequisite: None

Acronym: TSPA3

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