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Section 199A: Applications and Challenges (Z1-AIG4-2022-01-SSDL)

200 Minutes
On demand - Audio

On Demand - Audio

4 CPE Credits in TX

OVERVIEW

Section 199A is easily the least understood topic of the Tax Cuts and Jobs Act. Your clients look to you for explanations and best practices to maximize the 20 percent deduction. Pass-through entities and real estate investors stand to benefit from valuable tax cuts. The average practitioner cannot afford to be uninformed on Section 199A. This program incorporates the experiences of many tax practitioners since the creation of Section 199A related to the calculation and application of 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

  • The latest guidance from the IRS provided through regulations or administrative announcements
  • Taxpayers that own multiple entities; aggregation rules
  • Calculating qualified business income
  • The latest guidance on specified trades or businesses
  • Taxable income limits on specified service trades or businesses
  • Maximizing the 20 percent deduction for pass-through entities and Schedule Cs
  • Accounting for negative QBI
  • Whether particular tax entities offer a greater §199A deduction
  • Whether the owner of a Schedule E with net rental income can claim the §199A deduction

HIGHLIGHTS

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

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.

PRICING

$79.00 - Member

$99.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

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