This course will provide in depth-coverage of the all-important new 20% Section 199A deduction, including the final regulations issued in January 2019. Understanding this extremely complicated deduction with its limitations and phase-out is critically important to millions of partners, S shareholders, and self-employed taxpayers.
Upon completion of this course, you will be able to * Review recent legislation and developments * Gain a better understanding of Section 199A and its application to various business entities
* Qualified Business Income (QBI) * Section 162 Trade or Business * Operation and management activity * Rental Real Estate * Notice 2019-07 Safe Harbor * Exclusion of triple net leases * Self-rental rule* Carryforward of net QBI losses * Exclusion of Reasonable Compensation and Guaranteed Payments * Carryforward of net QBI losses * Limitations * W-2 Wages * Rev. Proc. 2019-11 * Depreciable Basis (QBIA) * Specified Service Trade or Business (SSTB) * Anti-Abuse Rules * De Minimus Rule * Calculating and Reporting the Deduction * Simplified Worksheet * Worksheet 12-A * Schedules A, B, C & D * Recent IRS regulations, rulings, and other developments
Who Should Attend
CPAs and members in industry seeking to better understand the new flow-thru entities deduction rules
Basic knowledge of tax preparation
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at firstname.lastname@example.org, and a team member will contact you shortly.
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*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.
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|W0013119: New Section 199A Deduction Rules and Regulations||Early Bird||Regular|
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