Qualified Business Income Deduction (IRC §199A):  An In-Depth Discussion into Application of the Law Including IRS Final Regulations and Revenue Procedures ​

CPE Credit: 4 hours

This 4-hour webcast is designed to provide a thorough of one of the most complex areas of tax law, specifically relieving the many headaches of dealing with 199A.

Topics Covered

• Overview
• Treatment of rental real estate for IRC §199A for trade or business qualification       and Notice 2019-07
• Analyzing related regulations and revenue rulings
• W-2 wages and UBIA
• Defining and applying specified service trade or business application of the §
• Trust applications
• Aggregation requirements
• Computing the QBI deduction
• Required tax return disclosure
• Qualified REIT dividends and qualified PTP income
• 50% or more common ownership
• Discussion of relevant definitions
• Business principal asset of reputation and skill of owners
• Various other issues

Learning Objectives:

• Provide the tax practitioner with an in-depth discussion of the ramifications of IRC §199A

Prerequisites: 

• Knowledge of working with IRS regulations and rulings
• Basic understanding of pass-through entities