Section 199A - Applications and Challenges in 2019

132  |  Course  |  Update  |  Scheduled

Description

A Live Stream version of this event is available here.

Section 199A is easily the least understood topic of the Tax Cuts and Jobs Act. Your clients will look to you for explanations and best practices to maximize the 20 percent deduction. Pass-through entities and real estate investors stand to gain valuable tax cuts, and the average practitioner cannot afford to be uninformed on section 199A. This course will cover all relevant facets and nuances of the deduction and enable implementation for tax returns. This program will include all IRS-issued guidance.

Credits

Number of Credits Type of Credits
4.00 Taxes
4.00 CFP
3.33 CLE

Designed For

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

Prerequisites

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

Highlights

  • Latest guidance issued by the IRS, whether by way of regulations or administrative announcements
  • What happens when the taxpayer owns multiple entities; aggregation rules
  • Calculating qualified business income (QBI)
  • How to identify a specified service trade or business
  • Taxable income limits on specified service trade or businesses
  • Maximizing the 20 percent deduction for pass-through entities and Schedule Cs
  • What happens 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

Objectives

  • Understand how the 20 percent deduction for pass-through entity owners works
  • Implement the benefits of this deduction for income tax returns

Prices

Member (Early Bird)
$169.00
Non-Member (Early Bird)
$219.00
Member
$194.00
Non-Member
$244.00
Your Price: $244.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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$15.00

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Instructors

Robert M. Gilwee, CPA, MS

Robert M. Gilwee, Jr. is a partner in the accounting firm Grandizio, Wilkins, Little, & Matthews, LLP in Towson, Maryland.

He has more than 30 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations, and other entities.

He is a frequent discussion leader on a variety of taxation topics. He received the Top Manuscript Award from Coopers & Lybrand and he is a member of the adjunct faculties of several colleges in his area.

In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.

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