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Section 199A: Applications and Challenges in 2019

When
July 25
8:00 - 11:30 a.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.
764201
Level
Update
Prerequisites
Basic understanding of the federal tax rules relating to individuals and businesses

Description

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


Speaker(s)

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.

Harter is a graduate of Kent State University.


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