Sec. 199A Cutting Edge Tax Strategies for Wage, Property, and Other Limits (Completed)
Date: Monday, October 28, 2019
Instructor: Greg White
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
Join expert, Greg White, CPA, as he takes take a comprehensive, deep dive into the wage, property and other limits. We’ll cover tax planning strategies to maximize the §199A 20% QBID.
Who Should Attend
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.
Topics Covered
- How to measure the "property" factor
- How to increase the property factor without losing tax deductions
- How to compute the exact amount of property you need to maximize the QBID
How to measure the "W-2 wage" factorShould your S corporation clients be paid bonuses before year end to maximize the QBID?When can taking a bonus backfire?How to use "aggregation" to maximize your client's QBIDWhen to aggregateWhen you shouldn't aggregate
Learning Objectives
- Identify the amount of property basis necessary to optimize the QBID
- Identify the amount of W-2 wages necessary to optimize the QBID
- Recognize the requirements to "aggregate" businesses
- Identify situations when clients should take year-end bonuses (within the context of reasonable compensation)
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.
Advance Preparation
None
