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" factor
    • Should 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 QBID
    • When to aggregate
    • When 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

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