CPE Course SECTION 199A/20% QBI DEDUCTION

December 4, 2019

8:15am — 4:30pm

Location Manchester

Member Price $279.00
Non-member Price $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level Update

Designed For

Objective

SECTION 199A/20% QBI DEDUCTION is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., LL.M., CPA on 74 occasions as of 2/5/19.  Topics include a comprehensive analysis of Section199A (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 the 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; possible aggregation of trades or businesses including rental real estate;  effective for tax years beginning after 12/31/17 and how this effective date rule applies in the case of a fiscal year past-through entity; the use of Form 8275 to disclose uncertain tax positions for which there is a reasonable basis; and much more.  

Highlights

Instructors

Prerequisites

Developer

Boston Tax Institute

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