Section 199A Update

4.6 (1082)

Jason Dinesen, EA

Dinesen Tax & Accounting, P.C.

Monday, February 08, 2021 | 12:00 PM EST

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Pros
  • CTEC
  • CFE

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Maryland Tax Preparers

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

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

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Mar 02, 2021 | 12:00 PM EST Register
Mar 09, 2021 | 11:00 AM EST Register

Course Description

The qualified business income (QBI) deduction under Sec. 199A brought issues that ranged from learning and understanding the new Code section to simply making sure the tax software was calculating the deduction correctly. IRC 199A, the new 20% of qualified business income deduction, is the best new tax deduction from the Tax Cuts and Jobs Act. The deduction has a lot of complexities to it, and without proper knowledge of how the deduction works, taxpayers can see large penalties and taxes due. 

The IRS has processed its final regulations on IRC 199A, so practitioners now have more clarity on the different intricacies for the deduction. These create amazing tax opportunities for business owners to increase their deductions to continue to save on their taxes.

This free CPE/CE webinar will look at all the different scenarios involved when calculating the IRC 199A deduction. It includes :

  • Different ways practitioners and taxpayers can protect themselves from some of the more grey areas involved with the 199A deduction.
  • What new info, opportunities, and requirements do these new forms and guidance throw at our feet?
  • What does it mean for tax returns claiming QBID?

Take our all-new, fresh look CPE webinar and learn to command the topic.

Learning Objectives

  • To recall what is a qualified business income and whether disclosures are needed for 199A deduction
  • To identify updates with the final regulations to the 199A deduction
  • To identify ways of calculating W-2 wages
  • To identify ways of calculating the 20% IRC 199A deduction
  • To identify ways of calculating UBIA

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Bookkeeper
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Accounting Managers
  • Tax Preparer

Testimonial

4.6

(1082)
68%
28%
4%
0%
0%

AC

great

CED

myCPE platform viewed normal within webinar attended.

DR

Excellent instructor. Very organized and very clear.

AC

The presentation is clear and concise. I would recommend it to other tax professionals.

RN

The nuts and bolts of 199A were explained very well. The presentation was easy to follow and very relevant. Excellent webinar.

MA

Very useful webinar