Description
Section 199A continues to challenge tax practitioners because of its complexity and its interactions with other provisions of the Internal Revenue Code. This program updates practitioners on the latest thinking about and planning strategies regarding Section 199A. It incorporates the experiences of tax practitioners regarding this provision, including issues relating to the preparation of the Forms 8995 and 8995-A. This program will include any recent IRS guidance regarding Section 199A.
Objective
* Understand how the Section 199A deduction is calculated and maximized * Deal with the §199A deduction in the context of a rental activity
Highlights
* Latest guidance issued by the IRS, including relevant regulations, rulings, or administrative announcements * Choosing to aggregate multiple trades or businesses into a single trade or business * Calculating qualified business income (QBI) * Identifying specified service trades or businesses * Taxable income limits on specified service trade or businesses * Maximizing the 20% deduction for pass-through entities and Schedule Cs * Proper treatment of REIT, PTP, and cooperative income * Rental activities as a trade or business and the rental safe harbor election * Preparing Forms 8995 and 8995-A
Who Should Attend
Any tax practitioner wishing to understand and apply the §199A deduction
Required Knowledge
A basic understanding of the federal tax rules relating to individuals and businesses
Advanced Prep
None
Event Speaker(s)
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], 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 email 30 minutes prior to the start of a live online program.
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Registration Fees
| Registration | Early Bird | Regular |
|---|---|---|
| NCACPA Member | N/A | $145.00 |
| Non-Member | N/A | $195.00 |
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.