Don Farmer Tax Education: Section 199A - A Deeper Dive

OL1593  |  On Demand Course  |  Update  |  Self-Study

Description

Section 199A, also known as the Qualified Business Income (QBI) deduction, remains one of the most significant -- and complex -- provisions of recent tax reform. While many practitioners are familiar with the basic rules, the practical application continues to raise questions in areas such as aggregation, specified service trades or businesses (SSTBs), W-2 wage and UBIA limitations, and interactions with other tax provisions. With the One Big Beautiful Bill (OBBBA) permanently extending IRC 199A, it's a good time to refresh on the more intricate concepts to help lead future consulting projects.

This webinar takes an advanced, practitioner-focused dive into Section 199A, using real-world examples, case studies and problem-solving approaches. Participants will gain a deeper understanding of nuanced issues, common pitfalls, planning opportunities and the latest IRS guidance to confidently advise clients and optimize the deduction.

Credits

Number of Credits Type of Credits
2.00 Taxes

Designed For

Tax professionals at any level.

Highlights

  • Overview of Section 199A framework: QBI, thresholds, limitations, and phase-ins/outs
  • Detailed examination of SSTBs: definitions, gray areas, and examples
  • W-2 wage and UBIA of qualified property calculations
  • Aggregation rules: requirements, elections, and planning opportunities
  • Treatment of rental real estate, including the safe harbor and case law developments
  • Common practitioner challenges: guaranteed payments, reasonable compensation, and partnership allocations
  • Planning opportunities for high-income taxpayers, including entity structuring and retirement plan contributions
  • Impact of recent IRS regulations, revenue procedures, and court cases on Section 199A

Objectives

  • Analyze the mechanics of the Section 199A deduction, including the QBI, W-2 and UBIA components.
  • Identify specified service trades or businesses (SSTBs) and understand the phase-out rules.
  • Apply aggregation rules to evaluate when combining businesses maximizes the deduction.
  • Interpret recent IRS regulations, rulings and guidance that impact Section 199A planning.
  • Evaluate common problem areas, such as rental real estate, guaranteed payments and entity selection.
  • Implement tax planning strategies to optimize client outcomes under Section 199A.
  • Assess the interaction of Section 199A with other provisions, including self-employment tax, retirement contributions and choice of entity considerations.

Prices

Member (Early Bird)
$89.00
Non-Member (Early Bird)
$129.00
Member
$89.00
Non-Member
$129.00
Your Price: $129.00

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

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Instructors

George J. Koutelieris, CPA, MS-Tax

George J. Koutelieris, CPA, MS-Tax, has practiced tax accounting for more than 24 years. He is the managing shareholder of the CPA firm Johnson & Shute, P.S. in Bellevue, Washington. George is a frequent lecturer for organizations providing professional education to other tax CPAs and has written and presented live courses and webinars for the last 10 years. Because of his understanding of tax law and ability to make it understandable, George is someone other CPAs turn to when they have difficult tax questions.

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Greg White, CPA

Greg White, CPA, has practiced tax for more than 40 years. He is founder of the CPA firm WGN, P.S. in Seattle, Washington. Greg served as an Adjunct Professor at the Golden Gate University's Seattle Campus over a 14-year period. He is licensed to practice in U.S. Tax Court and has argued cases before the Tax Court. He has been named a "Top 50" IRS Practitioner by CPA Magazine.

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