Sec. 199A Cutting Edge Tax Strategies for Rental Real Estate (2 hours - morning) - Webcast

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May 20, 2020

Registration: 8:00 AM / Program: 8:30 AM - 10:15 AM

Fees

Member Fee: $89.00
Nonmember Fee: $109.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -44.00

Description

We’ll take a comprehensive, deep dive into which rentals qualify (and which might not qualify) for the 20% §199A QBID. We’ll also cover how to compute the property factor that can limit the QBID for higher income taxpayers. 

Designed For

New and experienced CPAs who practice in the tax area or who need a better understanding of the tax law for other areas of practice. 

Objectives

Attendees will be able to:
  • Identify case law and administrative law support for taking the QBID on triple net leases
  • Apply the requirements of the IRS’s “safe harbor” for rental property
  • Complete the IRS form that reduces the risk of preparer penalties
  • Identify special risk issues for taxpayers who reside in the Second Circuit (Connecticut, Vermont and New York)

Major Subjects

We’ll cover in depth:
  • Qualification for most rental property
  • Qualification of land leases
  • Qualification of triple net leases
  • How to protect yourself if you’re filing returns taking the QBID on land leases or triple net leases
  • Why not all triple net leases are alike
  • Requirements of the IRS’s “safe harbor” for rental properties (Notice 2019-7)

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Leaders

Gregory White

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his tenth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he teaches Capital Assets, Tax Accounting, and Individual Taxation. Greg is licensed to practice in and has argued cases before the US Tax Court. He has been named “Top 50” IRS Practitioner by CPA Magazine.

Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including sports on KOMO TV, King TV, and Northwest Cable News. He is frequently in contact with Treasury, IRS, and other top government officials in Washington, D.C. as to late breaking guidance from the government and has been involved in making recommendations to them to help practically shape federal tax legislation and administrative guidance.