Surgent's Section 199A: Applications and Challenges

Available Anytime

Location: Online

4Credits

Technical Business

Registration is Open

FICPA Members

~~$79.00 Regular Price~~

Nonmembers

$109.00 Regular Price

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Product Code: SU24-AIG4-SSDL

Level: Update

Vendor: Surgent

Field of Study: Taxes

Overview:

Section 199A has been with us since the Tax Cuts and Jobs Act of 2017 was passed. Your clients look to you for explanations and best practices to maximize the 20 percent deduction. Pass-through entities and real estate investors stand to benefit from valuable tax cuts. The average practitioner cannot afford to be uninformed on Section 199A. This program incorporates the experiences of many tax practitioners since the creation of Section 199A related to the calculation and application of this deduction. This course will cover all relevant facets and nuances of the deduction, as well as implementation issues and lessons that will be useful in advising clients this year. This program will include all relevant IRS guidance.

Objectives:

Understand the 20 percent deduction for pass-through entity owners
Implement the benefits of this deduction for income tax returns
Understand the impact of the possible expiration of §199A in 2025

Major Topics:

The latest guidance from the IRS provided through regulations or administrative announcements
Taxpayers that own multiple entities; aggregation rules
Calculating qualified business income
The latest guidance on specified trades or businesses
Taxable income limits on specified service trades or businesses
Maximizing the 20 percent deduction for pass-through entities and Schedule Cs
Accounting for negative QBI
Whether particular tax entities offer a greater §199A deduction
Whether the owner of a Schedule E with net rental income can claim the §199A deduction
A look to the future. Will §199A survive?

Designed For:

Any tax practitioner wishing to understand and apply the 199A deduction

Prerequisite:

A basic understanding of the federal tax rules relating to individuals and businesses

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.