IRC Section 199A: An Up-to-Date Review of the Pass-Through Deduction WEBCAST
Overview
As part of the Tax Cuts and Jobs Act (TCJA), IRC Section 199A was added. This Internal Revenue Code section allows certain pass-through entities the ability to deduct up to 20% of their qualified business. Although practitioners have had over three years of “experience” utilizing IRC Section 100A, many practitioners still do not feel comfortable with this part of the Internal Revenue Code. The purpose of this presentation is to provide the practitioner with an understanding of the rules of IRC Section 199A as well as an understanding of the IRC Section 199A regulations.
Highlights
Understanding the term “QBI” (qualified business income). Understanding the terms “SSTB” (specified service trade or business). Understanding the term “QTB” (qualified traded or business). Calculate the 199A deduction Understanding the phaseouts. Understanding “aggregation”. Rental property as a trade or business. Identify how your clients can maximize the deduction. Planning ideas. Understand the Section 199A Regulations.
Prerequisites
None.
Designed For
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers.
Objectives
Gain an understanding of the rules of IRC Section 199A as well as an understanding of the IRC Section 199A regulations.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd
4.94 stars out of 5 - speaker rating for 2019
“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees
Non-Member Price $159.00
Member Price $129.00