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Live Webcast Replay

2019 Loss Limitation School - §461(l) Excess Business Losses, NOLs, §163(j), Basis, At-Risk and Passive Activity Losses

Total Credits: 3 including 3 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Bradley Burnett, J.D., LL.M.
Course Levels:
3 Hours
Product Type:
Live Webcast Replay



Do you desire to not be tripped up and held back by the plethora of loss limitation rules that threaten deductibility of business losses? The new menacing §461(l) excess loss rules are poorly drafted and have no meaningful interpretation. The NOL rules have been turned by TCJA upside down on their ear. §163(j) has been added to trip up business interest expense.


How do these new loss limitation rules interact with the age old basis, at-risk and passive activity loss rules? This course lays it all down for you and gets you through the woods as unscathed as possible.


**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

Basic Course Information

Learning Objectives
  • To gain a working knowledge of the intricate and interrelated loss limitation rules affecting businesses and rentals

Major Subjects


  • TCJA’s all-new §461(l) excess business loss (EBL) rules
  • TCJA’s heavily revised NOL rules
  • §163(j)’s assault on business interest expense
  • At-risk, basis limitation and NOL limitation structure and interplay
  • Which hurdle do you jump over first?  Basis, §163(j), At-risk, PAL, §461(l) Excess business loss, NOL?  Which second, third, fourth, fifth, sixth?
  • How do those same hurdles play out in computing the §199A QBID computation? 
  • How will software vendors respond to recent layers?  a/k/a Overrides
  • The age old intricate structure, all that's new and how and why you can't ignore either

Course Materials


Bradley Burnett, J.D., LL.M. Related seminars and products

Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All 
Original Recording Date 03/05/2020
Yellow Book No
Course Developer Bradley Burnett
Date Added to Catalog 02/20/2020

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (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:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Promo Video



Overall:      4.5

Total Reviews: 23


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