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QUALIFIED BUSINESS INCOME UPDATE (2019)

4.4 (361)

Douglas Stives, CPA, MBA

Monmouth University

Wednesday, December 18, 2019 | 11:30 AM EDT

  • CPA
  • EA

2 Credits

$10

Subject Area

Taxes

Course Description

The IRS released final regulations clarifying many unanswered questions about the new qualified business income (QBI) deduction. This webinar examines the final §199A regulations issued as well as additional guidance on calculating wages for purposes of the QBI deduction. These final regulations modify and explain a variety of issues, including expansion of the aggregation rules, clarification around rental real estate activities, examples, and more. There are several limitations and requirements to take advantage of these new opportunities.

This webinar will be covering the intricacies of the QBI deduction including:

  • A quick overview
  • How to maximize QBI
  • What other numbers change on returns where QBI is used
  • Why is the law so ridiculously complicated?
  • Should you use S corporations to maximize the QBI deduction?
  • Why did realtors hit the jackpot with QBI?
  • How to use salaries to maximize QBI

All of these will be explained at this two-hour webinar with lots of examples to make it perfectly understandable. Join this webcast to get the latest comprehensive overview of the final IRS guidance. You will learn about the purpose and goal of QBI, how QBI is calculated and important planning opportunities.

Learning Objectives

  • To summarize final regulations regarding QBI.
  • Identify planning opportunities to maximize the deduction.
  • Understand how the QBI deduction flows through tax returns.
  • To understand and know who is eligible for deduction.
  • How to handle ambiguities in the law.
  • To determine the use of QBI to save significant income tax.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • Business Owner
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • QB Pro Advisor
  • Senior Accountant
  • Tax Attorney
  • Tax Firm
  • Tax Practitioners
  • Tax Pros
  • Young CPA

Testimonial

Array
(
    [no_of_record] => 361
    [average] => 4.3961
)
 

4.4

(361)
57%
31%
8%
2%
2%

EN

WOW! Mr. Stives did an outstanding job presenting a very complicated subject in a simple manner. I gained much knowledge to do my job better. Great appreciation to you for sharing your knowledge, expertise, and time. Job well done!!!

TDG

Having done multiple classes in this area, I felt it was time for a refresher. A really good investment of time the instructor was clear, the materials helpful and I picked up some additional subtle, but really useful tidbits.

IF

The best webinar on OBI to date! Maybe the best explanation of QBI that I have had regardless of format. Didn't make the complex seem simple, but it was explained well. Best of all, it was interesting and not boring.

KS

I was very impressed the the program - I learned a great deal - it was a very helpful and timely update.

VS

good

GMJ

Professor Stives understands the complexities (and absurdities) of the QBI deduction and can explain them better than anyone else I have heard or seen. He presentation was extremely well-organized. The two hours just seemed to fly by.