Sec. 199A Cutting Edge Tax Strategies for Rental Real Estate 1 Credit
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Nov 12, 02:30 PM
ET
As a small business owner, tax deductions are always welcome. But, deductions aren’t static. Deductions change over time, and some go away completely. Or, in the case of the Section 199A deduction, new deductions are added.
The Tax Cuts and Jobs Act (TCJA) which was signed into law in December 2017 was part of a major tax reform that paved the way for the Section 199A deduction. This part of the reform could result in big tax savings for small businesses and real estate investors.
The 199A deduction has arguably been one of the most talked-about tax breaks included in the Tax Cuts and Jobs Act. Taxpayers who qualify for it can claim up to a 20% deduction on qualified business income (QBI) for businesses operated directly by the taxpayer or through a pass-through entity. For rental property owners, this can be a particularly valuable benefit.
In this IRS-approved online CE/CPE tax course, we will cover the application of section 199A. We cover qualifying using the Safe Harbor method, why that method may not work for all taxpayers, and how to qualify without using the Safe Harbor method.
Key topics covered in this online CPE webinar:
Join this CE webinar by Nicholas Preusch to understand everything about Sec. 199A!
Valid upto : Dec 31, 2024
Valid upto : Dec 31, 2024
Credits
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Pre-requisites
Advance Preparation
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
DJ
I have done many 199A trainings that were very in depth. This had exactly the information that was most useful to me for this topic without covering the same ground as some previous trainings.
LD
Super Presentation. Went into the meaning of the terms used in legislations. A very informative and pleasant presentation.
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