Planning to Defeat the 3.8 Percent Net Investment Income (Medicare) Tax
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 58
- Categories:
- ACPEN Industry Institute | ACPEN Tax Institute | Tax
- Faculty:
- Bradley Burnett, J.D., LL.M.
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 40 day(s) after program date.
Description
Do you desire to avoid being tripped up and held back by paying the 3.8% Net Investment Income (NII) tax? This relatively new tax is a continuing source of irritation for high income clients. Interestingly, the NII tax can often be avoided by proper structuring. An intimate knowledge of the rules can lead to making that happen.
Basic Course Information
Learning Objectives *To learn the foundational rules and intricacies of the 3.8% NII tax, how to avoid it and, to the extent necessary, comply with itMajor Subjects * Structuring (including with pass-through entities) and operating to avoid the 3.8% Medicare tax * What is, and is not, a trade or business? Why do we care? Why can we not afford not to care? * Fresh Start Regrouping Rules – The biggest thing to hit PAL (and 3.8% tax) since 1986 * What do IRS' Capitalize vs. Repair rules have to do with avoiding the 3.8% tax? * Huge key to avoiding 3.8% tax: Passive activity income and loss (vs. 3.8% NII) foundations, interplay, inseparability and separability * Definitive (3.8%) word on self charged rents and self charged interest * Re-thinking cost recovery, investment, and retirement plan strategies to avoid 3.8% tax * Why I want to be a real estate professional when I grow up? But, am I a pretender? * How will software vendors respond? How will I react to them? a/k/a Overrides, overrides, overrides and overrides * Ever see a 4D movie? The 3.8% tax comes at you in 4D. Attend this course to get your special 4D glasses. Not sold elsewhere
Course Materials
| Slides Handout (0.60 MB) | Available after Purchase | ||
| IRS Form 8960 Instructions (0.35 MB) | Available after Purchase | ||
| IRS Form 8960 (0.07 MB) | Available after Purchase | ||
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| IRS CE Credit Request Form (0.15 MB) | Available after Purchase | ||
| Planning to Defeat the 3.8 Percent_Q&A (0.01 MB) | Available after Purchase | ||
Faculty
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 NoneAdvanced Preparation None
Designed For Anyone desiring to learn the rules surrounding the 3.8% so-called Medicare tax and how to avoid being liable for it
Original Recording Date 06/02/2016
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 05/19/2016
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 Group Internet Based
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