TaxConnections

Organization

Kentucky Society of CPAs

Type of Event

Course

Location of Event

Gratzer Education Center

Contact Information

Kim Puckett
kpuckett@kycpa.org
502-266-5272

CPE/CLE Credits

8 CPE

Fee

Register by June 6 for early bird discount. Early Bird Fee KyCPA member: $299 Non-member: $399

Organization Website

Kentucky Society of CPAs

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.



INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today