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New Section 199A Deduction Rules & Regulations

1:00 pm–4:45 pm ET

# of CPE Credits

4

Description

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.

Objective

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

Highlights

* 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

Required Knowledge

Basic knowledge of tax preparation

Advanced Prep

None

Event Speaker(s)

Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at onlinelearning@ncacpa.org, and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at support@peachnewmedia.com.

*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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Share This Event

Event Vendor:Van Der Aa Tax Ed, LLC
Field of Study:Taxes
Level: Update
Other:Enrolled Agent

Event Type:Webcast
Event Code:W0013119

Registration Fees

W0013119: New Section 199A Deduction Rules and Regulations Early Bird Regular
NCACPA Member N/A $150.00
Non-Member N/A $200.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with 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 more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800- 469-1352.