CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Section 199A Update (Basic Overview)

4.6 (1518)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Tuesday, April 13, 2021 | 01:30 PM EDT

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00232-20-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0240)

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

1 CPE credit for Certified Fraud Examiners (CFEs)

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

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00232-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00232-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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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 Online CPE/CE webinar will look at all the different scenarios involved when calculating the IRC 199A deduction.

This Online CPE Webinar covers following Key Topics:

  • 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?

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

Testimonial

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    [average] => 4.6225
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4.6

(1518)
67%
28%
4%
0%
0%

JM

Great intro to a "not-to-well" understood subject. More to come and study!

HW

Easy to follow, great outlines to follow

TH

Great basic intro

JM

excellent presentation and presenter

GA

This was my first experience at a myCPE webinar. The presenter was knowledgeable and presented the information in an understandable format.

DJ

The instructor was very thorough in explaining the material.