University of Texas School of Law

eCourse

New Rules on Section 461(l): Limitations on Excess Business Losses

Contains material from Jan 2020

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System Test
While partnerships and LLCs are “flow-through” entities, a series of rules restrict the “flow” of losses. Examine the latest restriction—Section 461(l)—and the loss limiters before it—Sections 704(d)(basis), 465 (at-risk) and 469 (PALs).
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Total Credit Hours:
0.75     Credit Info
Specialization: Tax Law

TX MCLE credit expires: 1/31/2021

Includes: Audio Paper Slides

$50  

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Credit Hours
1. New Rules on Section 461(l): Limitations on Excess Business Losses (Jan 2020)

R. Brent Clifton

0.75 0.00 0.00 0.75  

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Audio (mp3) 52 mins
Paper (pdf) 28 pgs
Slides (pdf) 29 pgs

SESSION 1 — 52 mins, credit 0.75

Session 1:

New Rules on Section 461(l): Limitations on Excess Business Losses (Jan 2020)

While partnerships and LLCs are “flow-through” entities, a series of rules restrict the “flow” of losses. Examine the latest restriction—Section 461(l)—and the loss limiters before it—Sections 704(d)(basis), 465 (at-risk) and 469 (PALs).

Originally presented at: Dec 2019 Taxation Conference

R. Brent Clifton, Winstead PC - Dallas, TX