Course Description: This course discusses each of the passive sources of income specifically addressed by the Internal Revenue Code, as well as the modifications related to debt-financed property and controlled entities. 

Course Level: Intermediate

Course Prerequisites: None

Delivery Method: Self-study

At the end of this course, you will be able to: 

• Identify the types of passive income excluded from unrelated business taxable income; 
• Describe the requirements and limitations of each such exclusion; 
• Describe the rules and the exceptions regarding unrelated business taxable income and debt-financed property; 
• Calculate the inclusion amount; Identify the circumstances in which payments from a controlled entity are included in unrelated business taxable income and understand the amount to be included under these rules; and 
• Describe the special rules applicable for years 2006-2009.

CPE

2

CLE

N/A