CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

S Corporations: Crucial Insights: Maximizing the §199A QBID for S corporations, Restructuring Intercompany Debt, and Other Planning Insights.

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
S Corporations: Crucial Insights: Maximizing the §199A QBID for S corporations, Restructuring Intercompany Debt, and Other Planning Insights.

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Ethics (Federal Tax) for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00342-20-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0346)

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

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

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00342-20-O)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00342-20-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

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Course Description

The qualified business income deduction under section 199A is so complex that the taxpayer may incur large penalties over their tax dues instead of getting the deduction if not applied correctly with proper understanding. 

Though it is undeniable fact that under IRC 199A taxpayers have received one of the best new tax deductions from Tax Cuts and Jobs Act – i.e. new 20% qualified business income deduction. Indeed, the issues in the case of Qualified Business Income Deduction is not only about learning and understanding the code, but also about making sure the tax calculations are done with accuracy. This online CPE/CE course takes a deep dive into maximizing the QBID for S corporations. 

Due to numerous reasons such as economic challenges; to increase financial tax or operating efficiency; to adapt to new market dynamics, or debt/loss situation, etc. take the path of drastically changing their capital structure. Such capital restructuring brings numerous accounting and tax complexities, financial reporting, and other compliances, etc. Sometimes identifying such issues in time provides you numerous advantages. In case, there is such a restructuring between an intercompany debt transaction that is aimed to provide the shareholders with more basis, how should it take place? The webinar will take the topic in a detailed discussion on this. Further, whether it is in the interest of the shareholders to provide the funds to the company as a loan or contribution.

This Online CPE Webinar covers the following Key Topics:

  • Section 199A – special considerations for S corporations.
  • Restructuring intercompany debt to increase shareholder basis. 
  • Transferring funds to an S corporation: Are loans better than capital contributions?


The speaker Greg White has a practical approach and will include practical examples to explain the topic. These explanation styles will benefit CPAs, EAs, Other Tax Professionals, and Other Accounting Professionals in clarifying their understanding of the subject. 

Click for more online CPE/CE Courses:

AFSP CE Package (Incl. AFTR Course and Ethics)

EA CE Package (Incl. Federal Tax Updates and Ethics)

Package for Tax Practitioners (Incl. 2 hours Ethics)


Learning Objectives

  • To recognize how to Restructuring Intercompany debt to provide basis to shareholders
  • To recall Qualified Business Income Deductions
  • To identify how to maximize the section 199A deduction for clients in the context of S corporations.
  • To recognize Wage Planning as a strategies for all business structures
  • To compare the benefits of transferring funds to an S corporation by way of loans or capital contributions

Who Should Attend?

  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CEO
  • Certified Public Accountant
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Finance Director
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Tax Professionals
  • Young CPA

Testimonial

4.8

(8)
75%
25%
0%
0%
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MS

I finally understand QBID. Hooray!

MS

Program was very effective and provided me some resolutions for current problems. Well presented content and examples.