Section 199A: Review and Recent Developments

Description

This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting, and recent developments.

This course qualifies for PTIN credit.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this class include:

• A deep-dive look at the Section 199A flow-through entities deduction
• Calculation of qualified business income
• Application to rental real estate - "safe harbor" rule and aggregation rules
• Self-rental rule for Section 199A compared to self-rental rule for passive activities
• Differing impact on the sole proprietorship, partnerships and S Corporations
• Forms reporting on Forms 8995 and 8995-A
• Section 199A flowchart

Objectives

After attending this presentation you will be able to...

• Recognize the deduction for income from flow-through entities using flowcharts and examples
• Identify the rules pertaining to Section 199A
  

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction