Qualified Business Income Deduction (QBI/Section 199A)

4.8 (42)

Jason Dinesen, EA

Dinesen Tax & Accounting, P.C.

Friday, March 05, 2021 | 03:00 PM EST

  • AFSP
  • CRTP
  • CPA
  • CVA
  • EA
  • Tax Pros

2 CPE | 2 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

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 Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

This webinar will go beyond the basics of the QBI deduction. This area is a source of confusion for many practitioners, especially when a taxpayer's income is high enough for alternate calculations to kick in. This webinar will help demystify these aspects of the QBI deduction. We'll also talk about specified service businesses, aggregation rules, dealing with prior-year losses, and can rental activity take a QBI deduction?

Key Topics:

  • General overview/refresher of QBI
  • Understanding the calculations
  • The mechanics of the calculations
  • Dealing with losses: current year or prior-year
  • What is a specified service business?
  • Aggregating activities
  • Is the rental property eligible for the QBI deduction?
  • Miscellaneous QBI issues, discussions, and unknowns

Who Should Attend: 

Any Professional or Staff Member helping client in Preparing Federal Income Tax Returns

Learning Objectives

  • To define QBI
  • To discuss how to make QBI calculations
  • To identify adjustments to qualified business income
  • To discuss how to deal with losses
  • To identify specified service businesses

Who Should Attend?

  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Maryland Tax Preparers
  • Tax Professionals
  • Oregon Tax Preparers

Testimonial

4.8

(42)
76%
24%
0%
0%
0%

BS

Solid course

DL

Best instructor! Very smart and keeps students interested and engaged.

AB

Well done presentation...informative and engaging! Signed up for more webinars.

ZH

Good class

PC

Jason made a dry subject as interesting as possible. Thanks for the humor.

MJ

I really need to take the basic again and redo this course.