199A Deduction: Planning Opportunities

Course Details

Date

Tuesday, November 19, 2019

4:30am – 8:00am
(Registration: 4:00am)

Field of Study

Taxation

Course Number

4193644F

CPE Credit

4.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

A basic knowledge of Internal Revenue Code section 199A.

Description

The course will focus on section 199A planning opportunities in light of recently published IRS guidance (including prominently the final regulations issued in early 2019).   Gary McBride will assume that attendees have a basic knowledge of section 199A.

 

Materials are provided as an ebook for this course.

Highlights

  • Maximizing qualified business income.
  • Special planning for partners receiving guaranteed payments.
  • Maximizing unadjusted basis immediately after (UBIA).
  • Importance of partnership section 754 elections to section 199A.
  • Like-kind exchange impact on 199A.
  • When and how to use the safe harbor for rental real estate enterprises (RREEs).
  • Exploiting the generous case law definition of a rental real estate T-B.
  • Aggregation strategies in conjunction with RREE elections.
  • The pros and cons of entity level aggregation.
  • Barricading commonly owned non-SSTBs from SSTBs.
  • When are Form 8275 or 8275-R disclosures wise.

Objectives

The overarching objective is to identify strategies that maximize the section 199A deduction through means such as:

  • maximizing QBI,
  • maximizing UBIA and W-2 wages,
  • aggregating under reg. 1.99A-4,
  • opting for the RREE safe harbor,
  • avoiding SSTB treatment,
  • and other means.

 

Designed For

CPAs and lawyers.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$120.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$188.00
Your Price $188.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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