The Complete Guide to Section 199A's 20% Pass-Through Deduction After IRS Guidance

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AIG4  |  In Person Training  |  Update  |  Scheduled

Special Notes

This program has been approved for 4 hours of IRS CE credit for Enrolled Agents (EA) and Other Tax Return Preparers (OTRP) with PTIN numbers. Please complete and return the request form prior to the program if you are an EA or OTRP and would like to receive IRS CE credit.

Curriculum

  • Taxation

Designed For

CPAs and other business professionals

Objectives

To understand how the 20% deduction for pass-through entity owners works.

Highlights

  • Latest guidance issued by the IRS, whether by way of regulations or administrative announcements.
  • What happens when the taxpayer owns multiple entities; aggregation rules.
  • Calculating qualified business income (QBI).
  • How to identify a specified service trade or business.
  • Taxable income limits on specified service trade or businesses.
  • Maximizing the 20% deduction for pass-through entities and Schedule Cs.
  • What happens if QBI for a given year is negative?
  • Whether a particular tax entity offers a greater Section 199A deduction.
  • Whether the owner of a Schedule E with net rental income can claim the Section 199A deduction.
Registration for this event is not yet available. If you have any question or concerns please give us a call at 515-223-8161 or send us an e-mail at iacpa@iacpa.org

Instructors

William Taylor

Show Bio

William (Bill) F. Taylor is president of Benefit Solutions, Ltd., a benefit consulting firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 20 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Society of Pension Professionals and Actuaries, more than 40 state CPA and Bar associations, and other organizations. He was awarded the Outstanding Discussion Leader award for 2014. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

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