The Section 199A Deduction: Rules and Forms Reporting

Monday, January 17 1:00pm - 3:00pm

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Webcast

2.00 Credits

Member Price $79.00

Non-Member Price $129.00

Overview

This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting and recent developments.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

  • A deep-dive look at Section 199A, flow-through entity deduction
  • Calculation of qualified business income
  • Application to rental real estate "safe harbor" rule and aggregation rules
  • Self-rental rule for Section 199A compared to self-rental rule for passive activities
  • Differing impact on the sole proprietorship, partnerships and S corporations
  • Forms reporting in Form 8995 and Form 8995-A
  • Section 199A flowchart

Prerequisites

Basic working knowledge of business taxation.

Designed For

CPAs in public practice seeking an update on the latest tax developments related to the flow-through entities deduction.

Objectives

After attending this presentation you will be able to...

  • Understand in depth the deduction for income under Section 199A
  • Understand reporting in From 8995 and Form 8995-A

Preparation

None

Non-Member Price $129.00

Member Price $79.00