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Overview

8.0 Credits
ONLINE

The IRS estimates 10 million taxpayers will be affected by this new 20% deduction under section 199A and on August 8, 2018, they released proposed regulations [REG 107892-18] covering the 20% deduction. These regulations answer many questions not addressed in the statute and are more than 180 pages long. Don will cover each aspect of this new section 199A deduction including complete coverage of the proposed regulations.

Objectives

 

Major Topics

  • Actions businesses can take before year-end to maximize the 20% section 199A deduction
  • Calculating the 20% deduction, including phasing in the W-2 Wage and Qualified Property limitation and phasing out the 20% deduction for Specified Service Trade or Businesses (SSTBs) 
  • Full coverage of the meaning of “W-2 Wages” and “Qualified Property”
  • Which businesses are SSTBs 
  • Which trades or businesses can be combined in calculating the deduction and restrictions on splitting-up businesses to maximize the deduction
  • Maximizing the deduction where an individual, S corporation or partnership owns more than one trade or business
  • Which tax vehicle (S corporation, partnership, or proprietorship) produces the largest deduction? 
  • Does rental income qualify for the deduction?

 

Prerequisite

None

Advanced Preparation

None

Sessions

Please select the appropriate session or option below to continue with your online purchase

Wednesday, October 17, 2018

General Sessions