Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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 2023
Designed For
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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?
- Reimbursing Employee Home Office Expenses
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 the case related to the incorporated pocketbook
- Identify the percent of taxpayers taking QBID that are "hamburgers"
- Identify the phase-in range for single taxpayers
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.