This course addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting, and recent developments.
A deep-dive look at the Section 199A flow-through entities deduction. Calculation of qualified business income. Application to rental real estate - “safe harbor” rule and aggregation rules. Self-rental rule for 199A compared to self-rental rule for passive activities. Differing impact on the sole proprietorship, partnerships and S corporations. Forms reporting in Form 8995 and Form 8995-A199A flowchart.
Basic working knowledge of individual and business taxation.
CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction.
Apply the rules and forms reporting for deducting income from flow-through entities.
Steven Dilley, Federal Tax Workshops Inc
Steve Dilley is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 35 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting. He was nominated in 2004 for the “Educator of the Year Award” and received the 2005 “Distinguished Achievement in Accounting Education Award” in Michigan. He also received the 2007 MSU Accounting and Information Systems Department Outstanding Teacher Award. He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $109.00
Member Price $89.00