Qualified Business Income Deduction - Section 199A WEBCAST

Friday, December 11 8:00am - 11:30am PST

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4 Credits

Member Price $185.00

Non-Member Price $260.00

Overview

The Tax Cuts and Jobs Act of 2017 (TCJA) changed everyone’s taxes and none more so than business owners of sole proprietorships, partnerships and S Corporations who will benefit from Section 199A. The Qualified Business Income Deduction, or QBID, is one of the most significant parts of TCJA and will have long lasting ramifications for your clients. You need to understand the details thoroughly to ensure that your clients are getting the most from this tax cut. Lloyd Born is the advisor that seasoned CPAs call when they’re stumped by complicated tax questions and need advice that can’t be found anywhere else. Bring your questions and expect to be impressed by his command of this complex subject matter. All types of businesses except for agriculture and horticulture will be covered.

Highlights

Qualified Business Income Definition. Deduction Calculations Wage and Property Definitions and LimitationsLike kind exchanges and involuntary conversions Threshold Amount Phase In Amount Entity Aggregation Specified Service Trades or Businesses Reputation Of Owner/ Employee Deminimis Exclusion Of Service Income. Loss Carryovers Application to Rental Real Estate Antiabuse provisions Disposition of qualified trades or businesses

Prerequisites

None

Objectives

The Tax Cuts and Jobs Act (TCJA) has changed the Qualified Business Income Deduction (QBID). Join Lloyd Born to take a detailed into the new code. the proposed regulations and important commentaries. This class will cover all except for agriculture and horticulture.

Preparation

None

Notice

None

Leader(s):

Leaders

Lloyd Born

4.67 stars out of 5 - speaker rating for 2019

“Excellent! It is great that Lloyd has so much experience not only as a tax CPA but also years of owning commercial and residential real estate.” - past attendee

Mr. Born, a Certified Public Accountant, received a Bachelor of Science degree in Electrical Engineering and a Masters of Business Administration degree from the University of Washington.

While obtaining his MBA degree, he was employed by the Boeing Company. After obtaining his MBA degree, he joined KPMG Peat Marwick where be ultimately became a tax partner. He left Peat Marwick to become a real estate entrepreneur but continued to practice federal income tax.

After a successful career as a real estate entrepreneur, Mr. Born expanded his tax practice consulting with other CPAs relating to their more challenging tax questions primarily relating to real estate, partnership and advanced personal tax planning.

Mr. Born is the recipient of the Elijah Watt Sells silver medal award for the second highest grades in the United States on the CPA examination.

Mr. Born is an experienced educator who both writes and teaches tax courses for the Washington Society of Certified Public Accountants and teaches Masters of Taxation courses at Golden Gate University. Mr. Born also is an experienced speaker primarily on tax subjects including five presentations at the Northwest Tax Institute.

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Non-Member Price $260.00

Member Price $185.00