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. 764204Level: Update
Prerequisites:
Basic understanding of the federal tax rules relating to individuals and businesses
Speaker(s)
John Kilroy
JOHN M KILROY
John Kilroy is a managing member of
iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area.
John engages clients in financial and tax planning, as well as preparing tax
returns for individuals, corporations, partnerships, estates, and trusts. John
is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University
with a BS in Accounting. John is a member of the Pennsylvania Institute of
Certified Public Accountants and the Financial Planning Association (FPA).
Within the FPA, John has served as a board member of the Philadelphia Tri-State
chapter and on its education and finance committees. John is an adjunct faculty
member for the Temple University Certificate of Financial Planning Program. He
is a frequent speaker and facilitator on tax and financial planning topics. John
has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com.
He has written for the Journal of Financial Planning, and is a contributor to
Retirement Weekly. John has also discussed financial and tax planning issues on
various radio outlets.