The Section 199A: Applications and Challenges in 2019
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. 764203 Level: Update
Prerequisites: Basic understanding of the federal tax rules relating to individuals and businesses
Speaker(s)
Robert Gilwee
Copyright 1998-2024 PICPA. All rights reserved.
|