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. 764200Level: Update
Prerequisites:
Basic understanding of the federal tax rules relating to individuals and businesses
Speaker(s)
Susan Smith
Susan Smith, CPA
Susan Smith manages her own firm specializing in tax planning for individuals
and business owners and is also a frequent speaker at tax conferences.
Smith spent 14 years as a Senior Manager in the tax departments of Price
Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price
Waterhouse, she also held the national specialist designation for the real
estate and partnership tax practices locally. During her time at Peat Marwick,
Smith led the real estate and tax practices locally. She has been an associate
adjunct professor at Widener University in the master’s in taxation program. Her
ratings have consistently exceeded 4.7 on a scale of 5.0. Also, she recently
received the James L. McCoy 2008 Discussion Leader of the Year Award for
excellence in teaching.
Smith earned her Bachelor of Business Administration degree, with an
accounting concentration, in 1978.