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Live Webcast Replay

2019 Loss Limitation School - §461(l) Excess Business Losses, NOLs, §163(j), Basis, At-Risk and Passive Activity Losses

Total Credits: 3 including 3 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Bradley Burnett, J.D., LL.M.
Course Levels:
3 Hours
Access for 30 day(s) after program date.


Do you desire to not be tripped up and held back by the plethora of loss limitation rules that threaten deductibility of business losses? The new menacing §461(l) excess loss rules are poorly drafted and have no meaningful interpretation. The NOL rules have been turned by TCJA upside down on their ear. §163(j) has been added to trip up business interest expense.


How do these new loss limitation rules interact with the age old basis, at-risk and passive activity loss rules? This course lays it all down for you and gets you through the woods as unscathed as possible.


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives
  • To gain a working knowledge of the intricate and interrelated loss limitation rules affecting businesses and rentals

Major Subjects


  • TCJA’s all-new §461(l) excess business loss (EBL) rules
  • TCJA’s heavily revised NOL rules
  • §163(j)’s assault on business interest expense
  • At-risk, basis limitation and NOL limitation structure and interplay
  • Which hurdle do you jump over first?  Basis, §163(j), At-risk, PAL, §461(l) Excess business loss, NOL?  Which second, third, fourth, fifth, sixth?
  • How do those same hurdles play out in computing the §199A QBID computation? 
  • How will software vendors respond to recent layers?  a/k/a Overrides
  • The age old intricate structure, all that's new and how and why you can't ignore either

Course Materials


Bradley Burnett, J.D., LL.M. Related seminars and products: 21

Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

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.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

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.


Fri, Jun 05, 2020 - 06:00a to 09:00a PDT
Wed, Jun 17, 2020 - 07:00a to 10:00a PDT
Wed, Jul 08, 2020 - 08:00a to 11:00a PDT
Fri, Jul 24, 2020 - 05:00a to 08:00a PDT
Fri, Aug 14, 2020 - 06:00a to 09:00a PDT
Thu, Aug 27, 2020 - 07:00a to 10:00a PDT
Wed, Sep 16, 2020 - 08:00a to 11:00a PDT
Mon, Sep 28, 2020 - 05:00a to 08:00a PDT
Tue, Oct 06, 2020 - 06:00a to 09:00a PDT
Thu, Oct 15, 2020 - 07:00a to 10:00a PDT
Tue, Nov 10, 2020 - 08:00a to 11:00a PST
Wed, Nov 18, 2020 - 05:00a to 08:00a PST
Thu, Dec 10, 2020 - 06:00a to 09:00a PST
Wed, Dec 16, 2020 - 07:00a to 10:00a PST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All 
Original Recording Date 03/05/2020
Yellow Book No
Course Developer Bradley Burnett
Date Added to Catalog 02/20/2020

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. 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:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Promo Video



Overall:      4.5

Total Reviews: 6

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