Understand how the 20% deduction for pass-through entity owners work and
best practices to maximize it. Cover the nuances of the deduction and how to
implement the benefits of the deduction for income tax returns.
Highlights
Latest guidance issued by the IRS, including regulations and/or
administrative announcements
What happens when the taxpayer owns multiple entities; aggregation rules
Calculate qualified business income (QBI)
How to identify a specified service trade or business
Taxable income limits on specified service trade or businesses
Maximize the 20% deduction for pass-through entities and Schedule Cs
What to do if QBI for a given year is negative
Whether a particular tax entity offers a greater Section 199A deduction
Whether the owner of a Schedule E with net rental income can claim the
Section 199A deduction
Registration
PICPA Member: $139 Nonmember: $189
More Information
Course No. 764201Level: Update
Prerequisites:
Basic understanding of the federal tax rules relating to individuals and businesses
Speaker(s)
Edward Harter
Edward A. Harter, CPA
Edward A. Harter is a general practitioner in Canton, Ohio, who provides
accounting and tax services to his clients.
Harter has been a partner in a multi-office firm with ten partners, a
one-office firm with two partners, and a sole practitioner with only one support
person. He has instructed CPE programs for 39 years and has presented CPE in all
50 states with consistent “excellent” ratings from program participants. He is
continually commended for his ability to reduce complicated tax concepts to
understandable English with his “real world” examples. In addition, he has held
a number of leadership positions in The Ohio Society of CPAs.