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Guide to S199A & Its Impact on Business Entities
Louisville, Kentucky, 40299
June 27th, 2019
8:00 AM (UTC -5:00), Kentucky, USA
Event Speaker
Event Description
Also available to attend via webcast.
Overview
This course will provide in depth coverage of the 20% Section 199A deduction, which dramatically affects the choice of entity decision.We will compare and contrast the tax and non-tax aspects of various entity forms including sole proprietorships, single member LLCs, partnerships, C corporations, Personal Service Corporations, S corporations, and limited liability companies.Planning opportunities and potential pitfalls of each entity type will also be discussed.
Prerequisites
A basic understanding of the different forms of entities.
Objectives
Upon completion of this course, you will be able to:
·Understand the latest rulings of the new Section 199A flow-through deduction.
·Determine the obvious and subtle differences in various entities.
·Review recent legislation and developments.
Highlights
Impact of the 2017 Tax Cuts and Jobs Act on flow-through entities. New Section 199A deduction. New 21% corporate tax rate Rediscovering Section 1202 QSBS. Social Security and Medicare Taxes Examine the tax and important non-tax aspects of different entities. Organizational issues. Special problems of personal service businesses. Effects of liquidations & dissolutions. Ramifications of the C to S election and the S to C election Recent Code, regulations and case developments.
Overview
This course will provide in depth coverage of the 20% Section 199A deduction, which dramatically affects the choice of entity decision.We will compare and contrast the tax and non-tax aspects of various entity forms including sole proprietorships, single member LLCs, partnerships, C corporations, Personal Service Corporations, S corporations, and limited liability companies.Planning opportunities and potential pitfalls of each entity type will also be discussed.
Prerequisites
A basic understanding of the different forms of entities.
Objectives
Upon completion of this course, you will be able to:
·Understand the latest rulings of the new Section 199A flow-through deduction.
·Determine the obvious and subtle differences in various entities.
·Review recent legislation and developments.
Highlights
Impact of the 2017 Tax Cuts and Jobs Act on flow-through entities. New Section 199A deduction. New 21% corporate tax rate Rediscovering Section 1202 QSBS. Social Security and Medicare Taxes Examine the tax and important non-tax aspects of different entities. Organizational issues. Special problems of personal service businesses. Effects of liquidations & dissolutions. Ramifications of the C to S election and the S to C election Recent Code, regulations and case developments.