Section 199A(QBI) - Final Regulations
January 01, 1970
12:00 AM
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EVENT DESCRIPTION
The New 20% Business Deduction provided in IRC Section 199A is estimated to affect many as 10 million taxpayers according to IRS estimates. After a much anticipated wait, the Internal Revenue Service issued Final 199A regulations on January 18, 2019 that provided clarification and helpful guidance to apply the deduction rules. This program takes an in-depth look at those regulations and the mechanics of calculating the 20% deduction under Section 199A.EVENT OBJECTIVE
The course will cover the following objectives: Definitions applicable to IRC Section 199A, including phase-in & applicable percentage
Relevant Pass-Through Entities (RPE) & Reporting Requirements
What constitutes a trade or business
Which businesses & entities qualify
Rental property eligibility
Which businesses are SSTBs and the effect of being an SSTB on the deduction
Calculation mechanics and the effects of thresholds, W-2 wages, and qualified property
Tips to easily apply and understand the deduction and how to maximize it
Aggregation rules and the effect of electing to aggregate
EVENT DETAILS
Company:Dennis C. Ponton, CPA, CFP
Number of Hours:
3 (Recommended)
Prerequisite:
None
Program Level:
Update
Knowledge Level:
Intermediate
Delivery Method:
Group-Live
Number Of Days:
Food Included:
Full Hot Breakfast Buffet
Seminar Number:
Early Cut Off Date:
01/01/1970
Phone:
Venue:
,
Accommodations:
,
Recommended For:
CPA (3), EA (3)
Approved By:
NASBA, IRS