Description
Section 199A is still the hottest tax topic related to the Tax Cuts and Jobs Act of 2017. The Act created new reporting requirements for relevant pass-through entities (RPEs). Each RPE is required to report the relevant data needed to calculate the §199A deduction to each recipient of Schedule K-1. Your clients will trust you to ensure that the relevant data is properly reported. The IRS has added disclosure lines to Schedules K-1 for S corporations, partnerships, and trusts. This course will cover the new reporting requirements on those forms and discuss uncertainties that still exist related to the reporting requirements. The course includes examples and case studies relevant to the new disclosure lines of Schedules K-1. This program will include the latest relevant IRS guidance.
Objective
Understand how to complete the required Schedule K-1 disclosures related to §199A Understand how to allocate §199A relevant amounts to shareholders, partners, and trust beneficiaries Understand how to calculate the amounts of wages and unadjusted basis immediately after acquisition of qualified property Use case studies to reinforce the learning objectives
Credit Types
- Taxes: 4
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Rebroadcast - General (4 hours) | Members | $160.00 |
| Rebroadcast - General (4 hours) | Non Members | $320.00 |
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.