Description
This course addresses advanced §199A issues affecting partnerships, S corporations, and complex ownership structures. Participants will examine aggregation elections, SSTB limitations, W-2 wage and qualified property tests, and tiered entity complications. The course emphasizes practical application and documentation requirements to support the qualified business income deduction.
MAJOR TOPICS
* Overview of IRC §199A Framework; Application of the qualified business income (QBI) deduction to pass-through entities
* Application of §199A rules to partnerships, S corporations, and tiered ownership arrangements
* Treatment of QBI, REIT dividends, and publicly traded partnership income in complex structures
* Requirements, elections, and limitations related to §199A aggregation
* Impact of aggregation decisions on deduction optimization and compliance
* Identification of SSTBs and application of income thresholds and phaseout rules
* W-2 Wage and Qualified Property Limitations
* Required disclosures, documentation standards, and reporting considerations to support §199A positions
Objective
* Apply §199A rules to complex ownership and tiered entity structures * Evaluate aggregation elections and their planning implications * Analyze SSTB limitations and threshold phaseouts * Calculate W-2 wage and qualified property limitations * Identify documentation and compliance requirements for §199A positions
Advanced Preparation
None
Required Knowledge
Participants should have advanced knowledge of partnership and S corporation taxation, including complex pass-through structures, basis calculations, and owner-level limitations, as well as experience applying §199A rules and interpreting related guidance from the Internal Revenue Service.
Who Should Attend
CPAs and accounting professionals
Credit Types
- CPE – Taxes
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WF001226: Registration – Member | Mem | $89 |
| WF001226: Registration – Non-Member | NM | $109 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.