Section 199A: Deduction for Qualified Business Income - Final Regulations

Course Details

Date

Friday, November 1, 2019

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

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

DQBI

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Accountant's Education Services (AES)

Prerequisites

Working knowledge of federal income taxation

Description

This course will provide the practitioner with a detailed discussion and examples of the deduction for qualified business income under 199A introduced in the Tax Cuts and Jobs Act and modified by final regulations released January 18, 2019, and other guidance including Notice 2019-7, Rev. Proc. 2019-11, and additional proposed regulations. This provision will affect every business tax return, including S corporations and partnerships.

Objectives

Describe the qualifications for the 20% deduction under 199A

Describe the three categories of taxation income for the deduction under 199A

Define a specified service business(SSB) and how the 199A deduction applies to a SSB

Define a qualified trade or business (QTB)

Illustrate the application of the 199A deduction to an S corporation and partnership (RPEs) and how the self rental rules create QBI from a QTB

Recognize a SSB and discuss the application of 199A for service-based businesses

 Calculate Qualified Business Income (QBI)

Describe when the rental of property reported on Schedule E is eligible for the 199A deduction

Calculate the deduction for the three categories of taxable income

Describe the fracking rules

Describe the effect of wages and UBIA on the calculation of the 199A deduction  

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by October 18, 2019.

$280.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$330.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by October 18, 2019.

$430.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$480.00
Neighbor Island Discount

Applicable for Neighbor Island members in good standing

-$100.00
Associate Neighbor Island Discount

Applicable for Associate Neighbor Island members in good standing

-$50.00
Your Price $430.00

CPE Choice

Learn more about CPE Choice.
CPE Choice Fee $250.00

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