Sec. 199A Cutting Edge Tax Strategies for Wage, Property, and Other Limits (Completed)

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