§163(j) Business Interest Limitation in Full Swing

$60 – Members (with member discount code)
$75 – Non-Members
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NOTE: Members must use member discount code at time of registration to receive member rates. Enter coupon code on payment screen. Do not pay full amount & request refund. A $25 administrative fee will be deducted in those cases.

PROGRAM DESCRIPTION: §163(j) Business Interest Limitation in Full Swing
IRS Program: QSRNU-T-00612-23-O
Don’t deduct all that interest expense until you attend this course! §163(j) hits full stride on 2022 tax returns at 30% of ATI and no add back of depreciation and amortization. Business interest expense limitation began with TCJA and was substantially modified by the CARES Act, creating significant relief, pain, and planning opportunities. Two sets of final regulations gave us a new acronym TTI, confirmed the 11-step process of allocation to partners, modified what is considered interest and much more. The limitation is demonstrated through multiple-year examples and most importantly - provides details on how to get out the limitation entirely!

Learning Objectives:
- Learn who is subject to the business interest limitation
- Learn how to calculate the limitation for the current year and how to deal with carryovers
- Understand how the limitations is applied to individuals, partnerships and S corporations
- Learn how to avoid the limitation entirely

Prerequisites: General understanding of tax capitalization and deduction limitations
Program Level: Intermediate

ABOUT THE PRESENTER
Mark F. Seid, CPA EA USTCP specializes in small businesses tax advisory, compliance and tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses throughout the United States and internationally to tax professionals on issues affecting small businesses.

REFUND POLICY
Refunds will be honored if written notification is received at the Administrative Office within 5 business days of the webinar. A processing fee of $25 will be deducted from the refund. Cancellations within 5 business days of the webinar will not be accepted. Substitutions are allowed if received 48-hours prior to the start of the webinar. "No shows" forfeit their fees.

CANCELLATION
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

COMPLAINT RESOLUTION
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at admin@vasea.org or call (804) 723-5888.

Virginia Society of Enrolled Agents 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.

Questions
Contact Heather Greenwell, CAE, VASEA Administrator, at (804) 723-5888.