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IRC 199A: 2 Years In – Key Overlooked Planning Initiatives

4.8 (8)

Nicholas Preusch

Nicholas Preusch

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • Oregon Tax Preparer
  • CPA/PFS
  • CTEC

Published: November, 2020

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00210-20-S)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0217)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPD credit (Verifiable) of Personal Financial Planning Process for PFSs

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00210-20-S)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00210-20-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Computation with Capital Gains
    7 mins
  • Qualified REIT and PTP Income
    16 mins
  • Unmodified Box Method
    36 mins
  • Depreciable Period
    48 mins
  • Unadjusted Basis
    60 mins
  • SSTB Consulting
    80 mins

Course Description

The passage of Section 199A in the 2017 tax overhaul legislation was a watershed moment for tax advisers and compliance professionals. Indeed, the reach of the provision is proving to be so extensive as to constitute a separate and distinct practice area for tax practitioners, as advisers face an increased need for statute-specific competence on the workings of Section 199A.

The framework of Section 199A is straightforward: Taxpayers who are owners of pass-through businesses can claim a deduction of up to 20% of their share of the net business income of their business. The Section has created a significant benefit to the approximately 60 million taxpayers who are shareholders and members of pass-through entities.

In this practical webinar, you will learn the ins and outs of IRC 199A. This refresher course will look at the must need to know information about IRC 199A to make sure you are calculating all the different moving parts correctly. 

Highlights of the webinar :

  • Calculating QBI
  • Calculating UBIA
  • Calculating W-2 Wages
  • Determine new updates to IRC 199A since the final regulations were released
  • Outline the ins and outs of the deduction

Learning Objectives

  • To recall how QBI is calculated
  • To recall how UBIA is calculated
  • To identify the methods to calculate QBI wages
  • To recall the newest updates to 199A
  • To identify the nuances of the deduction

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros

Testimonial

4.8

(8)
75%
25%
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0%

VP

This was a great seminar - good refresher on 199A and updates since implementation!

KN

very informative and helped with understanding the gray areas

KG

Some issues taking the final quiz and had to restart the webinar. Ended up having to go through the program twice to get credit.