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.
* Understand how the Section 199A deduction is calculated and maximized * Deal with the §199A deduction in the context of a rental activity
* 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
Who Should Attend
Any tax practitioner wishing to understand and apply the §199A deduction
A basic understanding of the federal tax rules relating to individuals and businesses
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.
If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .
*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.
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Also Available As
Thursday, December 8, 2022 (1:00 pm–4:45 pm ET) , Morrisville
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