23SS-0064: Surgent's Section 199A: Applications and Challenges (Self-Study)

Valid for one year from purchase date
Self-study - Downloadable PDF
4 CPE (4 technical)  |  4 IRS CE

Section 199A is easily the least understood topic of the Tax Cuts and Jobs Act. Your clients look to you for explanations and best practices to maximize the 20 percent deduction. Pass-through entities and real estate investors stand to benefit from valuable tax cuts. The average practitioner cannot afford to be uninformed on Section 199A. This program incorporates the experiences of many tax practitioners since the creation of Section 199A related to the calculation and application of this deduction. This course will cover all relevant facets and nuances of the deduction, as well as implementation issues and lessons that will be useful in advising clients this year. This program will include all relevant IRS guidance.

Major subjects

• The latest guidance from the IRS provided through regulations or administrative announcements
• Taxpayers that own multiple entities; aggregation rules
• Calculating qualified business income
• The latest guidance on specified trades or businesses
• Taxable income limits on specified service trades or businesses
• Maximizing the 20 percent deduction for pass-through entities and Schedule Cs
• Accounting for negative QBI
• Whether particular tax entities offer a greater Section199A deduction
• Whether the owner of a Schedule E with net rental income can claim the Section199A deduction

Learning objective(s)

• Understand the 20 percent deduction for pass-through entity owners
• Implement the benefits of this deduction for income tax returns

Who should take this program?

Any tax practitioner wishing to understand and apply the Section 199A deduction

Fees

Standard Member Fee	$79.00
Standard Nonmember Fee	$79.00