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Section 199A NEW Developments: What You Need to Know to Prepare 2018 Tax Returns in Light of the IRS' Final Regulations Webinar

CPE

When
March 18
1:00 - 4:30 p.m.

CPE Credits
4-Tax

Details

 Pricing

PICPA Member: $169 | Nonmember: $219


 More Information

Course No.
S19U-2019-01-WEBNR-77-01
Level
Update
Prerequisites
A basic understanding of the federal tax rules relating to individuals and businesses

Description

The Section 199A deduction for qualified business income is widely regarded as the most complicated and least understood provision of The Tax Cuts and Jobs Act. Now that the IRS has just issued final Section 199A regulations, we can find answers to questions about which many tax practitioners were concerned, because they were not addressed in the proposed regulations or elsewhere. The just-released final regulations are designed to provide much needed guidance to practitioners regarding this deduction. It is critical that tax practitioners understand the details of this provision now so that they can correctly prepare 2018 tax returns for those entitled to claim this deduction. This 4-hour course provides the insights necessary to understand this complex guidance.

Highlights

*When is a rental activity a trade or business? * How to calculate the Section 199A deduction * Definitions that apply for purposes of the Section 199A deduction * New insights into the definition of a specified service trade or business * Sec. 199A rules for owners of pass-through entities * Requirements for aggregation of separate trades or businesses


Speaker(s)

Michael J Tucker, Ph.D., LL.M., J.D., CPA

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

 

 


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