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Thursday, December 17, 2020 Webcast

New Loss-Limitation Rules and Tax Planning Strategies for Pass-through Entities (E2012541)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST



8.0 CPE Credits in TX


Many of our clients are pass-through entities, for which many of the general business strategies are subject to additional limitations. This course will help CPAs understand the complexities and interactions of these pass-through loss limitations, as well as the special concerns and techniques the practitioner needs to deliver successful tax planning strategies in this market.


All practitioners who do tax planning for their clients or companies, as well as those who want to learn about the four pass-through loss limitations, their interactions, and the new rules.


  • Analyze how basis in an ownership interest in a pass-through entity is established, how various factors increase or decrease basis, and how strategies related to tax planning are modified for pass-throughs
  • Analyze the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact
  • Understand the special problems when transactions involve the business, its investors, and related businesses and individuals
  • Analyze new §461(l) created by the Tax Cuts and Jobs Act of 2017 and understand the limitation calculation and resulting carryforward


  • Basis limitations for S corporation shareholders and partners
  • §465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
  • §469 passive loss limitations and exceptions to the limitations
  • The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new §461(l))
  • Relevant changes from The Tax Cuts and Jobs Act of 2017 including detailed treatment of §199A
  • Basis planning
  • Related party transactions
  • Benefits of income splitting and shifting with family




Experience with business clients and basic familiarity with loss allowance rules of pass-through entities.




Robert Gilwee

Robert M. Gilwee, CPA, MS

Surgent Professional Education

Robert Gilwee, CPA Robert M. Gilwee, Jr. is a partner in the accounting firm Grandizio, Wilkins, Little, & Matthews, LLP in Sparks, Maryland. He has more than 30 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations, and other entities. He is a frequent discussion leader on a variety of taxation topics. He received the Top Manuscript Award from Coopers & Lybrand. In 2015, 2016, and 2018, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.


$289.00 - Member

$389.00 - Nonmember

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