Highlights for Passthrough Entities (Completed)

Date: Thursday, January 30, 2020
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

The Tax Cuts and Jobs Act overturned much of what we know about passthrough entity taxation.

Who Should Attend
All CPAs, EAs, tax preparers and other tax professionals who advise clients and prepare federal income tax returns.

Topics Covered

  • What are the disclosure requirements for passthrough entities whose income qualifies for the new §199A qualified business income deduction?
  • Does rental real estate qualify for the §199A QBID?
  • How does the 2017 act effect "technical terminations" of partnership?
  • What do the new "carried interest" rules mean to your practice?

Learning Objectives

  • Identify planning opportunities in the §199A area, including a discussion of the new "aggregation" rules
  • Recognize disclosure requirements for the §199A deduction
  • Identify planning opportunities under the change to the partnership "technical termination" rules

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None

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