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Section 199A: Applications and Challenges

1:00 pm–4:45 pm ET

# of CPE Credits

4

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)

Michael David Frost, CPA ( Deloitte LLP, Charlotte, NC ),

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 [email protected], 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 [email protected] .

*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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Also Available As

Seminar
Thursday, December 8, 2022 (1:00 pm–4:45 pm ET) , Morrisville
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Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Taxes
Level: Update

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0038522

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$145.00
Non-MemberN/A$195.00
CPE Sponsors LogoThe 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/.

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