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

4.8 (16)

Nicholas Preusch, CPA

YHB | CPAs & Consultants

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

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

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

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

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

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

(16)
75%
25%
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HT

This is a complex calculation, having to take into account multiple factors. I am not a licensed tax preparer, this was for my own personal tax preparation. I understand it much better now and can prepare my own 199A deduction but I still had trouble arriving at the right conclusion for the exam. This was well worth the small fee to take the course

LM

The overview was brief but very insightful. Enough to give you a heads up to problem areas and where you will need to dig deeper for more knowledge. I love the pdf of the course so I could focus on the lecture rather than taking notes! Great 1 hour CPE course that exceeded my expectations

RF

There is much food for thought in this webinar, and practitioners will have their work cut out for them to assist clients in the months to come, This webinar will assist practitioners in helping their clients to strategize how to benefit the most from Nicholas.

JM

Accounting and income tax preparation are my areas of expertise. I enjoy being an attendee of any webinars and tax events designed to add value to my business. This webinar was a good resource to meeting that objective.

KT

This very difficult and important subject was well presented by an extremely knowledgeable person. I appreciate all the programs available from Excel Accountant and try to attend as often as I can. I also like the self study options.

MI

I appreciated the explanation of the Oil & Gas investments being exempt from the passive activity rules. In previous 199A presentations, Oil & Gas investments were briefly mentioned along with retirement plans as ways to get around the income limitation, but not explained in the level of detail that was presented today.