The Nitti Gritty on the Section 163(j) Final Regulations

General Description:

This course will explore how partnerships, corporations and individuals must apply the Section 163(j) limitation after the publishing of final regulations.

Learning Objective:

After completing this course the participant will be able to:

• Describe the Section 163(j) limitation.
• Identify those clients subject to Section 163(j) and those who may be exempt from the rules.
• Understand the impact of currently disallowed interest expense on future years.
• Identify changes made to the final Section 163(j) regulations, including the treatment of COGS depreciation and exempt partnerships.
• Understand issues addressed by the new proposed regulations, including the treatment of tiered partnerships and self-charged interest.

Instructors:

Anthony J. Nitti, CPA, is a partner in RubinBrown's Tax Services Group. Tony is one of the premier continuing education instructors in the country and a well-known contributor of tax content to Forbes. He has 20 years of accounting and tax experience, including working in the tax departments of Arthur Andersen LLP, Price Waterhouse LLP, and, most recently, Withum. He focuses primarily on corporate and partnership tax planning, with a special focus on the consolidated return regulations and the reorganization provisions, including the structuring of acquisitions, mergers, reorganizations, spin-offs and other restructuring transactions. He earned a bachelor's degree in accounting from The College of New Jersey and a Master of Taxation degree from the University of Denver Graduate Tax Program. Follow Tony on Twitter @nittiaj.

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