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Live Webcast

The New Section 163(j) Interest Expense Deduction


Total Credits: 4 including 4 Taxes - Technical

Average Rating:
Not yet rated
Categories:
Partner Produced |  Tax
Speaker:
Doug J. Van Der Aa, CPA, JD, CPA, JD
Course Levels:
Update
Duration:
4 Hours
Product Type:
Live Webcast
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

Beginning in 2018, most businesses with more than $25 million in average annual gross receipts must deal with a new limit on their interest expense deductions, now 30% of adjusted taxable income. This “simple” limitation took the IRS more than 250 pages to flesh out in proposed regulations. This course helps you understand this major new provision, and the pros and cons of electing out by eligible businesses.

Basic Course Information

Learning Objectives
  • Gain a better understanding of Section 163(j) and its application to business entities
  • Review recent legislation, proposed regulations and developments

Major Subjects
  • Broad definition of interest
  • Gross receipts test
    • Aggregation
  • Ordering rules for deductions and carryforwards
  • Rules for C corporations
  • Application to partnerships, S Corporations and their owners
  • Electing out by excepted trades or businesses (real estate, farming and regulated utility businesses)
    • Rev Proc 2018-59 Safe Harbor
    • Required use of ADS depreciation
  • Reporting on Form 8990

Course Materials

Speaker

Doug J. Van Der Aa, CPA, JD, CPA, JD's Profile

Doug J. Van Der Aa, CPA, JD, CPA, JD Related Seminars and Products

Van Der Aa Tax Ed, LLC


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Additional Info

Basic Course Information

Prerequisites Basic knowledge of tax preparation
Advanced Preparation None
Designed For CPAs and members in industry seeking to better understand the new interest expense deduction rules
Yellow Book No
Course Developer MICPA
Original Recording Date 01/15/2020
Date Added to Catalog 08/28/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (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: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

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