Maximizing QBI FLEXCAST

Overview

Maximizing QBI, Section 199A, deductions calls for strong skills related to specific business criteria and business components. Planning, structuring and strategizing for different types of business entities; S-corps, Partnerships, Sole Proprietorships and some trusts, plus rentals, multiple entities, multiple income streams, global income, working within existing limitations of some businesses and carryover losses can offer substantial tax savings for our business clients. Evaluating and comparing options for reporting shareholder, partner, sole proprietor and spousal compensation and benefits such as health insurance and retirement plans plays an important role in maximizing QBI. Plus, what’s ahead for QBI audits, after setting your clients up for QBI success be prepared to defend the positions taken in the event of an audit.

Highlights

Maximizing QBI, Section 199A, deductions.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Develop skills to maximize QBI for tax issues unique to S-Corps, Partnerships, LLCs, Sole Proprietors, Rentals, and trusts. Learn QBI strategies related to compensation, health insurance, self-rental, related businesses, multiple income streams, global income and more. Identify best practices to support positions taken to maximize QBI and be prepared to defend QBI in an audit.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.