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Tuesday, June 25, 2019 Live

Section 199A Explored — Planning for Qualified Business Income (E1906201)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

Ramada Plaza Hotel and Conference Center Cranbury - South Brunswick

390 Forsgate Drive, Exit 8A,
Jamesburg , NJ 08831

8 CPE Credits in TX

OVERVIEW

The Tax Cut and Jobs Act created a brand new, important planning opportunity for those working with small business clients. This course will look at applying the provisions of IRC Section 199A to reduce your client’s tax burden. As well, this course will help attendees evade the traps that exist for the unwary in these new and exciting provisions of the law.

DESIGNED FOR

Accounting and financial professionals who advise or work for businesses organized as passthrough entities.

BENEFITS

  • Identify the businesses that are eligible to use the Section 199A deduction
  • Determine what types of businesses will be treated as specified service businesses
  • Understand what makes up qualified property
  • Apply the W-2 wages/qualified property limit on the amount of the Section 199A deduction
  • Use tax planning to reduce taxable income to below the threshold amounts for ineligible or limited businesses
  • Assist clients in making an entity choice

HIGHLIGHTS

  • Compare the impact of the Section 199A deduction for passthrough businesses to the 21 percent C corporation tax rate
  • What makes up a single trade or business under IRC Section 199A
  • Understand what types of rental activities qualify for IRC Section 199A
  • Apply the restrictions on reasonable compensation and guaranteed payments
  • Understand the IRS’s “guard rail” regulations, along with specific limitations in the IRC

COURSE LEVEL

Intermediate

PREREQUISITES

Understanding of individual income taxes.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Randy Newton

Randy C. Newton, CPA

Nichols Patrick CPE, Inc.

Randy C. Newton, CPA, CVA, licensed as a CPA in North Carolina and South Carolina, is president and founder of NewtonCPA, PLLC. Randy’s area of expertise is in Corporate, Partnership, and Individual Income Tax Preparation -- utilizing a proactive tax planning model that streamlines, simplifies, and works to reduce tax liabilities for small taxpayers. In addition, he specializes in IRS representation work plus tax planning and research. He also has specialty areas in Business Valuation, as well as Financial Planning. Prior to the creation of his own firm, Randy worked with First Union National Bank (now Wells Fargo) in the Corporate Accounting and Capital Markets Divisions. Randy received his Accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society. As a CVA, Randy can place a certified value on closely held businesses for business owners seeking to sell, buy, or merge, or going through an ownership change. Randy is a member of the North Carolina Association of CPAs (NCACPA), former two­time president of the Charlotte Chapter of the NCACPA, and an active member of the American Institute of CPAs (AICPA).

PRICING

$279.00 - Member

$379.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

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