Lifecycle Financial Planning: Tax Planning - Qualified Business Income Deduction
Available Until
Self-study
1.00 Credits
Member Price $49.00
Non-Member Price $79.00
Overview
Even though it has been around several years, many practitioners fail to take full advantage of the QBI deduction due to its complexity and many nuances. In this course, we will discuss how to maximize the QBI deduction. We will get into the details of what QBI includes (and doesn’t include), which entity structures work best for the QBI deduction, and what to do if we have negative QBI. While the QBI deduction is only one deduction on the tax return, for small business owners, it may be the largest and most important deduction that they can take!
Highlights
- What is combined QBI?
- QBI Phaseout
- Specified Service Trade or Business Definition
- A formal definition of QBI
- What is UBIA?
- QBI Deductions for Rental Property
- Entity Considerations for QBI Deductions
- QBI Losses
Prerequisites
Basic understanding of flow-through entity taxation
Designed For
Tax practitioners and financial advisors who work with small business owners on tax planning and tax strategy.
Objectives
- State which activities are eligible for a QBI deduction and any limitations.
- Identify planning techniques to increase the QBI deduction.
- Recognize which entity types may increase an equity owner's QBI deduction.
Preparation
None
Notice
This is a self-study/on demand course offered by a 3rd party vendor. Course access information will be emailed directly to you by Peters Professional Education (PPE). The course expires one year from the purchase date.
Leader(s):
Leader Bios
David Peters, Peters Professional Education LLC
DAVID R. PETERS, CPA, CFP, MST, CPCU, CLU
David Peters is the Founder and Owner of Peters Professional Education and Peters Tax Preparation & Consulting, PC. He is also a financial advisor for Peters Financial, LLC. David has over twenty years of experience in financial services, including 3 years in the hedge fund industry and 14 years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.
In addition to running his own professional education website, David is a National Instructor for the AICPA, Surgent, Kaplan, and Don Farmer Tax Seminars. He was a recipient of Surgent's Outstanding Discussion Leader award in 2019 and 2022, as well as the AICPA's Outstanding Facilitator Award in 2021 and 2023. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. David holds four masters degrees, and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. David was also a co-author of the 2018, 2019, and 2020 Virginia CPA Ethics courses - a required course for all CPA's licensed in the Commonwealth of Virginia.
- Website: www.petersprofessionaleducation.com
- YouTube: www.youtube.com/@DavidPetersFinancial
- LinkedIn Company: https://www.linkedin.com/company/95657499/admin/analytics/updates/
- LinkedIn Personal: https://www.linkedin.com/in/david-peters-financial/
- Facebook: https://www.facebook.com/davidpetersfinancial
- Twitter/X: https://x.com/DavidPFinancial
Non-Member Price $79.00
Member Price $49.00