Sec. 199A Cutting Edge Tax Strategies for Wage, Property, and Other Limits (Currently Unavailable)

Author: Greg White

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2024 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 take a comprehensive, deep dive into the wage, property and other limits. We’ll cover tax planning strategies to maximize the §199A 20% QBID.

Publication Date: October 2021

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

• How to measure the "property" factor
• How to increase the property factor without losing tax deductions
• How to compute the exact amount of property you need to maximize the QBID
• How to measure the "W-2 wage" factor
• Should your S corporation clients be paid bonuses before year end to maximize the QBID?
• When can taking a bonus backfire?
• How to use "aggregation" to maximize your client's QBID
• When to aggregate
• When you shouldn't aggregate

Learning Objectives

• Identify the amount of property basis necessary to optimize the QBID
• Identify the amount of W-2 wages necessary to optimize the QBID
• Recognize and apply the requirements to "aggregate" businesses
• Identify situations when clients should take year-end bonuses (within the context of reasonable compensation)
• Recognize the percentage of those taking a QBID are affected by the wage or property limits
• Identify correct statements regarding the QBID property cap
• Recognize correct statements regarding wage and property limits to the QBID

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None