Section 199A: Applications and Challenges in 2019 Webinar

• Understand how the 20% deduction for pass-through entity owners works
• Implement the benefits of this deduction for income tax returns

• Latest guidance issued by the IRS, whether by way of regulations or administrative announcements
• What happens when the taxpayer owns multiple entities; aggregation rules
• Calculating qualified business income (QBI)
• How to identify a specified service trade or business
• Taxable income limits on specified service trade or businesses
• Maximizing the 20% deduction for pass-through entities and Schedule Cs
• What happens 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