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Understanding Section 199A: The 20% Deduction for Pass-Through Entity Owners and Investors in Real Estate

When
Dec. 12
12:30 - 4:00 p.m.

Where
Regional Learning Alliance
Cranberry - Map it

CPE Credits
4-Tax

Details

 Pricing

PICPA Member: $139 | Nonmember: $189

CLE Credit Add-On: $25


 More Information

Course No.
759608
Level
Intermediate
Prerequisites
A basic understanding of the federal tax rules relating to individuals and businesses
Note

This is a four-credit afternoon seminar (12:30 - 4:00 p.m.; 12:00 p.m. registration)

Accepted for CFP® and IRS credits.

Description

Understand how the 20% deduction for pass-through entity owners works, and how to calculate, apply, and claim the deduction. Use examples to illustrate how the deduction works.

Highlights

  • Operational rules for calculating the Section 199A deduction
  • Definitions that apply for purposes of the Section 199A deduction
  • Calculating the deduction for taxpayers with taxable income within the phase-in-range
  • What is a specified service trade or business?
  • Computation rules and examples for individuals whose taxable income does not exceed the threshold amount
  • Computation rules and examples for individuals whose taxable income exceeds the threshold amount      
  • Treatment of non-calendar year taxpayers
  • Requirements for aggregation of separate trades or businesses
  • Anti-abuse rules targeting use of trusts
  • Guidance on methods for calculating W-2 wages for purposes of Section 199A
  • Special rules for pass-through entities, SE tax, and net investment income tax

 



Speaker(s)

Robert J. Henkels, CPA Robert J. Henkels, CPA, is the president of Professional Tax & Accounting Seminars, Inc. He is also a sole practitioner with a diverse client base and has been a discussion leader for the past 13 years for various organizations. Mr. Henkels has 18 years of practical public accounting experience with national, regional, and local CPA firms. Mr. Henkels served as an adjunct professor at Wheeling Jesuit University in the M.B.A. program, Duquesne University, University of Maryland and Montgomery College. He also served as an assistant professor at the Indiana University of Pennsylvania for three years. He has also authored various courses and written numerous articles for newspapers and magazines. He earned his bachelor's degree in accountancy from the University of Maryland, master's degree in educational administration from Northern Illinois University and a bachelor's degree in education with a math/psychology concentration from Northern Illinois University. He is an active member of the AICPA and the PICPA.

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