§199A Passthrough Deduction: How to Turn High Taxed Tears to Joy (Half-Day Webinar) (Completed)

Date: Friday, June 28, 2019
Instructor: Bradley Burnett
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

The all-new §199A passthrough deduction cuts non-C Corp income tax rates to the lowest in 3 decades, but only for those eligible. Some higher (and lower) income taxpayers are aced out or trimmed back. Join us to learn how to make the most of the new 20% pass-through deduction.

Who Should Attend
CPAs and other interested persons desiring to learn the latest tax planning opportunities and traps under TCJA.

Topics Covered

  • Complex new pass-through entity deduction (QBID) clearly explained
  • Is the definition of "specified service business" (SSB) the monster it appears to be?
  • Lasso income, wages and property into the right spots & maximize QBID
  • What is the taxable income limitation — How to avoid its harsh impact?
  • Why wages and property may be important in each business
  • Aggregating - When you can, cannot, and how you must report (and continue to report)
  • Winners, losers and the newly perplexed (how to help them all)

Learning Objectives

  • Identify cutting edge tax planning opportunities and pitfalls under the Tax Cuts Jobs Act for the §199A deduction available to partnerships, S Corps, sole proprietorships, trusts and estates

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
A basic understanding of TCJA.

Advance Preparation
None

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