199A Deduction: Complete Review

Course Details

Date

Thursday, October 24, 2019

5:30am – 1:00pm
(Registration: 5:00am)

Field of Study

Taxation

Course Number

4193902E

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

None.

Description

In light of the final regulations issued in early 2019, review compliance and planning implications with respect to the section 199A deduction Plus, consider other recent guidance.

Highlights

Definition of qualified business income.
Computation of deduction when T.I. is at or below the threshold.
Computation of deduction when T.I. is above the threshold.
Aggregation requirements and strategies.
Why entity level aggregation is problematic.
Notice 2019-07 on rental real estate enterprises.
What is and is not a specified service trade or business.
Strategies to wall off non-SSTBs from SSTBs.

Objectives

Understand the computation of QBI.
Understand what T-B is a specified service trade or business.
Determine when rental real estate is a T-B.
Understand the new safe harbor for a rental real estate enterprise.
Learn how to create a separate T-B.
Understand the computation of the deduction.
Learn how to maximize unadjusted basis immediately after (UBIA).
Understand the special rules for partners and S shareholders.
Understand the special considerations for trusts, estates, and beneficiaries.
Learn reporting and disclosure requirements.
Learn the latest rules for patrons of cooperatives.

Designed For

CPAs and lawyers.

Registration for this course has passed.

Course Pricing

Member Fee Applicable if you are a HSCPA member in good standing.	$245.00
Non-Member Fee Applicable if you are not a HSCPA member.	$375.00
Your Price	$375.00