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Free cpece webinars
§163(j) Business Interest Expense Limitation

§163(j) BUSINESS INTEREST EXPENSE LIMITATION

Cost $20.00
CPE Credits 2.0 hours
2 hours for EAs (Federal Tax Update)
Course Id# - HURS9-U-00516-19-O
Subject Area Taxes
Course Level Update
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

Borrowing to finance a business is expensive enough to begin with. Losing the tax deduction for business interest expense (BIE) opens a new wound and pours salt into it.  If new §163(j) applies to limit the BIE deduction, interest expense stacks up like checkers on a bad checkerboard. If it stacks up on you, then maybe, just maybe, you can deduct it later, or perhaps it will sit there and rot.

Highlights
 


  • Business interest expense (BIE) allowed and suspended

  • Adjusted taxable income computation – Twists, twists and turns

  • Determining whether small business exempt from the rules

  • Determining whether business “tax shelter” is on the hook for §163(j) 

  • What in the dickens is excess business interest expense (EBIE) anyway?

  • What elections out are available? What do they cost?

  • How do C Corps fare?  S Corps?

  • How do partnership stack things? Where do the stacks end up sitting?

  • How the attribution rules can hand your head to you

  • Planning to keep BIE deductions flowing to begin with

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Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses. Mr. Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte is the candid communication of practical ideas relating to tax law.

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About Our Presenter

Bradlyburnett logo2
Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.