Self-Study Course: Passive Activities - University of Illinois Tax School
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Scroll down for course details! Self-Study Course — Passive Activities

It is important for tax professionals to accurately identify their clients' activities to determine if their participation is active or passive and to understand the rules and limitations associated with their participation. There may be significant tax consequences for failing to apply passive activity rules properly, which can expose tax professionals to potential preparer penalties and malpractice claims. This self-study course presents information related to properly classifying activities as active or passive by helping the tax professional know what questions to ask, apply material participation tests, passive loss limitations, application of passive activity rules to various types of taxpayers, grouping and regrouping elections, and the effect of passive income on the net investment income tax implemented under the ACA.

(The date in the dropdown list above can be ignored.)

Self-study courses involve completing a pretest, watching a video, answering quiz questions inserted throughout the video, and successfully passing an exam with a score of 70% or better. Each course includes a set of materials that accompany the course presentation. Each course is reviewed annually to ensure the information is up-to-date with current tax law.

This course offers 2.0 CPE credits and qualifies for IRS credit and is NASBA QAS-approved for CPA credit in all states.

This course performs best utilizing a desktop or laptop computer.

Cost: $50.00. To register, add the self-study course to your cart by selecting the date in the dropdown menu in the above box. The course expires 1 year after your purchase. Your exam must be completed within 1 year of your purchase date.

Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course. NOTE: The person purchasing this self-study course must be the same person taking the course and completing the exam.

For questions regarding refunds, registration policies, and resolving concerns, please see our Policies and Procedures page.

Tom O'Saben photoTom O'Saben has been an instructor for the Tax School since 2009. During that time, he has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom's practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor's degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).

Learning Objectives: By taking this self-study course, you will be able to:

  1. Define various terms used within the context of passive activities
  2. Describe rules and limitations associated with passive activities
  3. Determine possible tax consequences concerning passive activities
  4. Apply passive activity rules and limitations to various types of taxpayers
  5. Advise clients about grouping decisions, the impact of ACA on passive activities, and minimizing the net investment income tax

CPE Credits (qualifies for IRS): 2.0. Final exam must be passed with a score of 70% or better.

Delivery Method: QAS self-study (online self-study)

Program Level: Overview

Field of Study: Taxes

Prerequisite(s): Professional experience preparing and amending federal tax returns.

Materials: Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course materials.

Advance Preparation: None

Please see the CPE FAQ for more information.

Last updated 8/4/2017 1:01:27 PM

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