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Wednesday, November 20, 2019 Webcast

Section 199A: Applications and Challenges in 2019 (X1-AIG4-2019-01-WEBNR-324-01)

1:00 PM - 4:30 PM EDT
webcast

Webcast

4.0 CPE Credits in TX

OVERVIEW

Section 199A is easily the least understood topic of The Tax Cuts and Jobs Act. Your clients will look to you for explanations and best practices to maximize the 20% deduction. Pass-through entities and real estate investors stand to gain valuable tax cuts, and the average practitioner cannot afford to be uninformed on Section 199A. This program incorporates the experiences many tax practitioners had over the last tax season calculating and applying this deduction. This course will cover all relevant facets and nuances of the deduction, as well as implementation issues and lessons that will be useful in advising clients this year. This program will include all relevant IRS guidance.

DESIGNED FOR

Any tax practitioner wishing to understand and apply the §199A deduction.

BENEFITS

  • Understand how the 20% deduction for pass-through entity owners works
  • Implement the benefits of this deduction for income tax returns

HIGHLIGHTS

  • Latest guidance issued by the IRS, whether by way of regulations or administrative announcements
  • What happens when the taxpayer owns multiple entities; aggregation rules
  • Calculating qualified business income (QBI)
  • How to identify a specified service trade or business
  • The wage limitation and associated limits
  • Taxable income limits on specified service trade or businesses
  • Maximizing the 20% deduction for pass-through entities and Schedule Cs
  • Proper treatment of REIT, PTP, and Cooperative income
  • Treatment of carryover amounts
  • Entity choice and the Section 199A deduction
  • Rental activities as a trade or business and the rental safe harbor
  • Completion of Forms 8995 and 8995-A

COURSE LEVEL

Update

PREREQUISITES

A basic understanding of the federal tax rules relating to individuals and businesses.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for CFP Credit.

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$169.00 - Member

$169.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Request a reminder

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

Qualifies For

  • CFP