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Event Details

Event Registration - Webinar (CA): Review of Section 199A: The New QBI Deduction

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Start Date:
Thursday, May 17, 2018
End Date:
Thursday, May 17, 2018
Notes: This webinar is produced by the CalCPA Educatoin Foundation. You will receive login instructions for your webinar 5 days prior to the program date. Should you register within the five day window, you will receive your instructions the same day. Please note, that these instructions will be sent directly from CalCPA@calcpa.org. You will be given instructions towards the end of your webinar on how to access your CPE certificate. Customer service can be contacted at 866-928-8915 5:00 am - 5:00 pm PST.
Overview:

The course will cover compliance with new section 199A as well as planning implications. Topics cover QBI Deduction, K-1 Reporting and more..

Major Subjects:
  • The definition of specified service businesses
  • Computation of the QBI Deduction
  • Special considerations for partners and S shareholders including K-1 reporting
  • Interation with other IRC sections
  • Special rules for REITS, PTPs, and Cooperatives
  • Special considerations involving real estate
  • Choice-of-entity considerations
Objective:
  • Determine how to compute the QBI Deduction including:
    • The T.I. phase-out for specified service businesses
    • The phase-in of the limit based upon W-2 wages and unadjusted basis
    • Maximizing W-2 wages and unadjusted basis
    • Calculating the Combined QBI Amount
    • Calculation of the limit based upon taxable income minus net capital gain.
  • Identify K-1 reporting by pass-thru entities and and special strategies for partners and S shareholders to maximize the QBI deduction.
  • Recognize the impact of fiscal year partnerships and S corporations.
  • Determine the interaction of section 199A with other IRC sections such as the passive loss rules and the new limit on nonpassive business losses.
  • Identify Understand the generous rules for REITS, Publicly Traded Partnerships and Agricultural Cooperatives as well as recipients of Qualified Cooperative Dividends.
  • Recognize Trust and Estate considerations.
  • Determine when rental real estate is a trade or business.
  • Identify special stratiegies to maximize the QBI deduction with rental real estate.
  • Recognize the impact of the QBI deduction on choice-of-entity considerations including a comparison with C corporations.

 

Designed For:

CPAs and lawyers.

Prerequisites:

General knowledge of taxation of sole-proprietors, partners and S shareholders.

Advance Preparation:

None.

Vendor:CalCPA Ed Foundation
Level:Intermediate
Member/Nonmember Fees:60 / 94
CPE:Taxes 2 hour(s)
Gary R. McBride, JD, CPA, LLM
California CPA Education Foundation

Address:
Webinar
Cancel/Transfer Policy

Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.

Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.

Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.

Day of program or no notice of cancellation, 100 percent course fee assessed.

If you transfer from an in-person class course to a webcast, the above policies apply.

Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.

To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.

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