Understanding the excess business loss limitation and the CARES Act impacts
After completing this course, the learner should be able to:
- Recognize to whom the excess business loss limitation applies
- Identify how the limitation interacts with other loss limitation provisions, such as basis, at-risk amount, and passive activities
- Calculate the business loss on Form 461
- Determine how to handle any excess business loss
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823