Webinar (CA): Everything We Know So Far About Section 199A: The New QBI Deduction
October 23, 2018
Webinar
4 CPE
Webinar (CA): Everything We Know So Far About Section 199A: The New QBI Deduction
The course will cover compliance with new section 199A as well as planning implications. New IRS guidance, if any, will be highlighted.
Learning Objectives
Determine how to compute the QBI Deduction including:
The T.I. phase-out for specified service businesses;
The phase-in of the limit based upon W-2 wages and unadjusted basis;
Maximizing W-2 wages and unadjusted basis;
Calculating the Combined QBI Amount
Calculation of the limit based upon taxable income minus net capital gain.
Identify K-1 reporting by pass-thru entities and and special strategies for partners and S shareholders to maximize the QBI deduction.
Recognize the impact of fiscal year partnerships and S corporations.
Determine the interaction of section 199A with other IRC sections such as the passive loss rules and the new limit on nonpassive business losses.
Identify Understand the generous rules for REITS, Publicly Traded Partnerships, and Agricultural Cooperatives as well as recipients of Qualified Cooperative Dividends.
Recognize Trust and Estate considerations.
Determine when rental real estate is a trade or business.
Identify special stratiegies to maximize the QBI deduction with rental real estate.
Recognize the impact of the QBI deduction on choice-of-entity considerations including a comparison with C corporations.
Major Topics
The definition of specified service businesses
Computation of the QBI Deduction
Special considerations for partners and S shareholders including K-1 reporting
Interation with other IRC sections
Special rules for REITS, PTPs, and Cooperatives
Special considerations involving real estate
Choice-of-entity considerations
CPE Credits Available
4 CPE
4
Taxes
Things to Know About This Course
Course Level
Intermediate
Prerequisites
General knowledge of taxation of sole-proprietors, partners and S shareholders.
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