Section 199A: Deduction for Qualified Business Income - Final Regulations
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.
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
Early Registration Member Fee
Applicable if you are a HSCPA member in good standing and register by October 18, 2019.
Applicable if you are a HSCPA member in good standing.
Early Registration Non-Member Fee
Applicable if you are not a HSCPA and register by October 18, 2019.
Applicable if you are not a HSCPA member.
Neighbor Island Discount
Applicable for Neighbor Island members in good standing
Associate Neighbor Island Discount
Applicable for Associate Neighbor Island members in good standing
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|CPE Choice Fee||$250.00|