Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities (FTL4)
Provider: Surgent Accounting and Financial Education
Taxes
4 CPE Credits
Intermediate
QAS self study
IRS EA Federal Taxation
Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications, and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.