CPE Course Section 199A: Applications and Challenges

November 11, 2021

9:00am — 12:45pm

Location

Member Price $129.50Register after October 21 and pay $139.50
Non-member Price $179.50Register after October 21 and pay $189.50

Curriculum Taxation

Field of Interest Taxation (General)

Level Update

Designed For

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

Objective

  • Understand how the Section 199A deduction is calculated and maximized
  • Deal with the §199A deduction in the context of a rental activity

 

 

Highlights

Section 199A continues to challenge tax practitioners because of its complexity and its interactions with other provisions of the Internal Revenue Code. This program updates practitioners on the latest thinking about and planning strategies regarding Section 199A. It incorporates the experiences of tax practitioners regarding this provision, including issues relating to the preparation of the Forms 8995 and 8995-A. This program will include any recent IRS guidance regarding Section 199A.

  • Latest guidance issued by the IRS, including relevant regulations, rulings, or administrative announcements
  • Choosing to aggregate multiple trades or businesses into a single trade or business
  • Calculating qualified business income (QBI)
  • Identifying specified service trades or businesses
  • Taxable income limits on specified service trade or businesses
  • Maximizing the 20% deduction for pass-through entities and Schedule Cs
  • Proper treatment of REIT, PTP, and cooperative income
  • Rental activities as a trade or business and the rental safe harbor election
  • Preparing Forms 8995 and 8995-A

Instructors

Mr. Edward Harter CPA

Edward A. Harter is a general practitioner in Canton, Ohio, who provides accounting and tax services to his clients. Ed has been a partner in a multi-office firm with ten partners, a one-office firm with two partners, and a sole practitioner with only one support person. He has instructed CPE programs for 49 years and has presented CPE in all 50 states with consistent "excellent" ratings from program participants. In 2015, 2016, 2017, 2018, and 2019, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. He is continually commended for his ability to reduce complicated tax concepts to understandable English with his "real world" examples. In addition, he has held a number of leadership positions in The Ohio Society of CPAs. Ed is a graduate of Kent State University.close

Prerequisites

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

Developer

Surgent McCoy CPE, LLC

Back to Course List Add to Cart View Cart