Section 199A: Applications and Challenges in 2019

Course Details

Date

Friday, November 8, 2019

8:00am – 12:00pm (Registration: 7:30am)

Location

Ramkota Hotel

800 North Poplar

Casper, WY 82601

307-266-6000

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Field of Study

Taxation

CPE Credit

4 hours CPE credit

Level of Knowledge

Update

Vendor

Surgent & Associates, LLC

Prerequisites

A basic understanding of the Federal tax rules relating to individuals and businesses.

Description

Section 199A is easily the least understood topic of The Tax Cuts and Jobs Act. Your clients will look to you for explanations and best practices to maximize the 20% deduction. Pass-through entities and real estate investors stand to gain valuable tax cuts, and the average practitioner cannot afford to be uninformed on Section 199A. This course will cover all relevant facets and nuances of the deduction and enable implementation for tax returns. This program will include all IRS-issued guidance.

Highlights

• Latest guidance issued by the IRS, whether by way of regulations or administrative announcements
• What happens when the taxpayer owns multiple entities; aggregation rules
• Calculating qualified business income (QBI)
• How to identify a specified service trade or business
• Taxable income limits on specified service trade or businesses
• Maximizing the 20% deduction for pass-through entities and Schedule Cs
• What happens if QBI for a given year is negative?
• Whether a particular tax entity offers a greater Section 199A deduction
• Whether the owner of a Schedule E with net rental income can claim the Section 199A deduction

Objectives

• Understand how the 20% deduction for pass-through entity owners works
• Implement the benefits of this deduction for income tax returns

Designed For

Any tax practitioner wishing to understand and apply the §199A deduction Tax.

Course Pricing

WYOCPA Member Fee

Applicable if you are a WYOCPA member in good standing.

$165.00
Non-Member Fee

Applicable if you are not a WYOCPA member.

$195.00
Late Registration Fee (will be added after October 23, 2019) $100.00
Your Price $195.00

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