Sec. 199A Cutting Edge Tax Strategies for Doctors, Lawyers, and other Specified Service Trades or Businesses (2 hours - morning) - Webcast

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May 21, 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 specified service trades or businesses (“SSTBs”).

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 different types of SSTBs
  • Identify tax planning strategies for taxpayers with SSTB income
  • Apply the “self-rental rule” in the case of rentals to SSTBs
  • Apply strategies to increase the §199A deduction for businesses that have SSTB income and non-SSTB income

Major Subjects

We’ll cover in depth:
  • The most important rule in the area of SSTBs
  • Detailed definitions – what’s included in each of the SSTB categories
    • And just as importantly – what’s excluded from SSTB categorization?
  • Tax planning for SSTB clients
  • How to treat businesses that have some SSTB income and some non-SSTB income
    • Examples include pharmacies, landscape companies, etc. 
  • How do “self-rentals” to a commonly controlled SSTB work?
    • What happens when an owner of the real estate doesn’t own an interest in the SSTB?
  • For 2018 tax year returns, should you apply the proposed regulations or the final regulations? Which provides a better solution for your SSTB client?

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.