Section 199A Compliance: Rules and Reporting After OBBA

Description

Section 199A compliance has evolved after OBBA — and so have the risks of getting it wrong. From revised definitions of qualified business income to updated reporting obligations, practitioners must navigate nuanced guidance affecting partnerships, S corporations, and sole proprietorships. Walk away with practical tools, compliance checklists, and calculation frameworks you can apply immediately.

Highlights

	
• A deep-dive look at the Section 199A flow-through entities deduction
	
• Calculation of qualified business income
	
• Application to rental real estate - "safe harbor" rule and aggregation rules
	
• Self-rental rule for 199A compared to self-rental rule for passive activities
	
• Differing impact on the sole proprietorship, partnerships and S corporations
	
• Forms reporting in Form 8995 and Form 8995-A
	
• Section 199A flowchart

Objectives

	
• Identify the impact of the Section 199A rules on a variety of business entities
	
• Identify new provisions to Section 199A after OBBA 2025
	
• Apply the rules and forms reporting for deducting income from flow-through entities 

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction