CPE Course SECTION 199A/20% QBI DEDUCTION/TCJA/CTD

May 16, 2018

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after April 25 and pay $279.00
Non-member Price $359.00Register after April 25 and pay $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level

Designed For

Objective

Topics include an extensive, detailed analysis of S 199A (the 20% deduction for qualified business income) including the W-2 wage limitation, the exception for taxable income not in excess of a threshold amount, and phase-in of the limitation; definition of W-2 wages; 2.5% of unadjusted basis of qualified property; definition of qualified business income; treatment of reasonable compensation and guaranteed payments; definition of trade or business and treatment of rental real estate; definition of specified service trade or business and exception based on taxable income; definitions of taxable income and threshold amount; placement of QBI deduction on page 2 of Form 1040; deduction applied at partner and S shareholder levels; deduction allowed for AMT; effective for tax years beginning after 12/31/17; a detailed analysis of the modification of home mortgage interest and the deduction for real estate taxes and state income taxes; reduction in C corporation tax rate; 100% bonus depreciation and expansion of S 179 expensing; small business accounting reform and simplification; other provisions of TCJA; and much more.

Highlights

Instructors

Lou Gauthier

Prerequisites

Developer

Boston Tax Institute

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