Sec. 199A Cutting Edge Tax Strategies for Specified Service Trades or Businesses (SSTBs)
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 |
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
Sec. 199A Cutting Edge Tax Strategies for Doctors, Lawyers, and other Specified Service Trades or Businesses
We’ll take a comprehensive, deep dive into specified service trades or businesses (“SSTBs”). Join expert, Greg White, CPA, as he takes an in depth look into SSTBs.
Publication Date: May 2024
Designed For
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
- The most important rule in the area of SSTBs
- Detailed definitions — what's included in each of the SSTB categories
- And just as importantly — what's excluded from SSTB categorization?
- Tax planning for SSTB clients
- How do "self-rentals" to a commonly controlled SSTB work?
- What happens when an owner of the real estate doesn't own an interest in the SSTB?
Learning Objectives
- Identify different types of SSTBs
- Identify tax planning strategies for taxpayers with SSTB income
- Recognize and apply the "self-rental rule" in the case of rentals to SSTBs
- Recognize and apply strategies to increase the §199A deduction for businesses that have SSTB income and non-SSTB income
- Identify the limitation on Section 199A deduction for taxable income exceeds the threshold amount
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
