Section 199A: Schedule K-1 Reporting by Relevant Pass-Through Entities (X1-PRK4-2026-01-WEBNR-7-01)

Section 199A is the hottest tax topic related to the Tax Cuts and Jobs Act of 2017. The Act creates new reporting requirements for relevant pass-through entities (RPEs). Each RPE is required to report relevant data required to calculate the §199A deduction to each recipient of a Schedule K-1. Your clients will trust you to ensure that the relevant data is properly reported. The IRS has added disclosure lines to Schedules K-1 for S corporations, partnerships, and trusts. This course will cover the new reporting requirements on those forms and discuss uncertainties that still exist related to the reporting requirements. The course includes examples and case studies on completing the new disclosure lines of Schedules K-1. This program will include the latest relevant IRS guidance.

DESIGNED FOR

Any tax practitioner seeking a better knowledge of the Schedule K-1 reporting requirements related to §199A.

BENEFITS

PREREQUISITES

A basic understanding of the §199A deduction.

ADVANCE PREPARATION

None