Courses

Understanding Section 199A: The 20% Deduction for Pass-Through Entity Owners and Investors in Real Estate (DEPT)

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Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Jun 21, 2018, 1:00pm–4:30pm
Venue:: Hampton Inn by Hilton Colchester (Colchester, VT 05446)
42 Lower Mountain View Drive
Colchester, VT 05446
Developer:: Surgent McCoy CPE, LLC
Level:: Intermediate

Now that the new tax bill - the Tax Cuts and Jobs Act - has gone public, most tax practitioners have one question about it - how does the 20% deduction for pass-through entity owners work? We at Surgent have given numerous webinars and have received hundreds of questions regarding this deduction. In response to all those questions we decided to offer a four-hour course on the deduction itself, complete with numerous examples illustrating how this deduction works. We invite you to attend this interesting, insightful, and practical program.

Objective

* Understand how the 20% deduction for pass-through entity owners works * Learn how to calculate the 199A deduction * Know how to apply and claim the 199A deduction

Highlights

* The fundamental requirements to claim the 199A deduction * What constitutes qualified business income (QBI) * W-2 limits and depreciable property limits on the amount of the 199A deduction * Calculating the 199A deduction * Types of businesses and services eligible for the 199A deduction * The income limitations imposed on specified service trades or businesses * How S corporation shareholders and partners/members claim the 199A deduction

Designed For

Any tax practitioner wishing to understand and apply the 199A deduction

Prerequisite

A basic understanding of the Federal tax rules relating to individuals and businesses

Advanced Preparation

None