Working Problems & Solutions §199A Passthrough Deductions (Full-Day Webinar) (Completed)

Date: Friday, August 16, 2019
Instructor: Bradley Burnett
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  8 hours for CPAs
8 hours Federal Tax Law Updates for EAs and OTRPs
8 hours Federal Tax Updates for CTEC

The all-new §199A pass-through 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. We’ll methodically work through a series of problems and solutions to put you in command of the foggy areas of §199A that others stumble on.

Partial credit will not be awarded for attendees that are not present for the entirety of the webinar.

This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.

Who Should Attend
Anyone with the desire to learn the latest tax planning opportunities and traps under §199A

Topics Covered

  • Complex new passthrough 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 and apply relevant and cutting edge tax planning opportunities
  • Recognize pitfalls of the §199A deduction available to partnerships, S Corps, sole proprietorships, trusts and estates
  • Differentiate the new passthrough entity deduction (QBID)
  • Describe"specified service business" (SSB)
  • Recognize where income, wages, and property should go and how to maximize QBID

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
Basic understanding of §199A.

Advance Preparation
None

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