Description
Objective
* Identify methods to increase the QBID for LLCs and their members * Identify methods to reduce tax on the sale of a business using the QBID * Reduce the risk of penalties (both for clients and preparers) * Apply the best method to advise clients who are in the “phase out” range. MAJOR TOPICS * Which items of income and expense are excluded from the QBID? * Planning for LLCs and their members * How to maximize the QBID for LLCs * How to avoid getting stung by guaranteed payments * The two most important rules of §199A that we all need to be familiar with * How to minimize taxes on the sale of a business by utilizing the QBID * Tax planning for QBID “cliffs” — how to give optimal advice to your clients * How carryovers (passive, basis limitation, etc.) have a special treatment under §199A * QBID planning for estates and trusts * Hot off the presses: New Tax Forms for the QBID * Penalty changes for clients who take the QBID — how should you reduce the possibility of client penalties and preparer penalties?
Credit Types
- Taxes: 2
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Don Farmer: Live Online-(2 Hours) | Members | $79.00 |
| Don Farmer: Live Online-(2 Hours) | Non Members | $99.00 |
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.