S Corporations Part 3: Maximizing the §199A QBID and Other Planning Insights (Currently Unavailable)
Author: Greg White
| 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 a deep dive into maximizing the QBID for S corporations. Greg will cover how to restructure intercompany debt to provide shareholders with more basis. Lastly, a discussion on how to decide whether shareholders should provide funds through loans or contributions.
Publication Date: June 2021
Topics Covered
- Section 199A — special considerations for S corporations
- Restructuring intercompany debt to increase shareholder basis
- Transferring funds to an S corporation: Are loans better than capital contributions?
Learning Objectives
- Recognize how to to maximize the Section 199A deduction for clients in the context of S corporations
- Identify methods to restructure intercompany debt to provide basis to shareholders
- Identify when you should use the Rich S Corp/Poor S Corp strategy
- Differentiate which IRC Sections defines "trade or business expenses"
- Recognize which QBID provisions apply to different taxpayers
- Describe which requirements must be met, in order to qualify for home office expense reimbursement
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
