The Schedule 199A wage and property limits are expected to cost taxpayers $10.6 billion per year in extra federal income taxes. Learn the intricacies of these limitations and pick up some planning strategies to help reduce your clients’ taxes.
We’ll take a comprehensive, deep dive into the wage, property and other limits. We’ll cover tax planning strategies to maximize the Schedule 199A 20% QBID. We’ll cover in depth: 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.
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.
Identify the amount of property basis necessary to optimize the QBID. Identify the amount of W-2 wages necessary to optimize the QBID. Learn the requirements to “aggregate” businesses. Identify situations when clients should take year-end bonuses (within the context of reasonable compensation).
4.90 stars out of 5 - speaker rating for 2019 for George Koutelieris and Gregory White
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees
George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.
Non-Member Price $94.00
Member Price $79.00