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Understanding Section 199A UPDATED: The 20% Deduction for Pass-Through Owners & Real Estate Inve
Louisville, Kentucky, 40299
February 7th, 2019
8:00 AM , Kentucky, USA
Event Speaker
Edward Harter
Event Description
Attend the afternoon session, The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years for only $119, a $50 savings.
Contact KyCPA for webcast group pricing for 4 or more viewing together.
Just updated! By far the most complex provision of the Tax Cuts and Jobs Act is the Section 199A 20% deduction for pass-through entity owners and real estate investors. To effectively prepare 2018 tax returns, CPAs must know how Section 199A works in detail so their clients can take advantage of the tremendous opportunities this provision offers. On January 18, 2019, the IRS released hundreds of pages of final regulations on this topic, providing long-awaited guidance and clarification. This program will equip practitioners with the knowledge to help clients implement Section 199A and maximize the 20% deduction, in light of this final IRS guidance.
Prerequisites
A basic understanding of the Federal tax rules relating to individuals and businesses
Objectives
Understand the new final regulations as they apply to a rental activity treated as a trade or business
Understand the important changes to the Sec. 199A rules that the final regulations have made
Major Topics:
How to calculate the Section 199A deduction
Definitions that apply for purposes of the Section 199A deduction
When is a rental activity a trade or business?
Sec. 199A rules for owners of pass-through entities
Requirements for aggregation of separate trades or businesses
New insights into the definition of a specified service trade or business
Contact KyCPA for webcast group pricing for 4 or more viewing together.
Just updated! By far the most complex provision of the Tax Cuts and Jobs Act is the Section 199A 20% deduction for pass-through entity owners and real estate investors. To effectively prepare 2018 tax returns, CPAs must know how Section 199A works in detail so their clients can take advantage of the tremendous opportunities this provision offers. On January 18, 2019, the IRS released hundreds of pages of final regulations on this topic, providing long-awaited guidance and clarification. This program will equip practitioners with the knowledge to help clients implement Section 199A and maximize the 20% deduction, in light of this final IRS guidance.
Prerequisites
A basic understanding of the Federal tax rules relating to individuals and businesses
Objectives
Understand the new final regulations as they apply to a rental activity treated as a trade or business
Understand the important changes to the Sec. 199A rules that the final regulations have made
Major Topics:
How to calculate the Section 199A deduction
Definitions that apply for purposes of the Section 199A deduction
When is a rental activity a trade or business?
Sec. 199A rules for owners of pass-through entities
Requirements for aggregation of separate trades or businesses
New insights into the definition of a specified service trade or business