§199A Qualified Business Income Deduction - Webcast

Add to Calendar

Sep 22, 2020

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time

Fees

Member Fee: $295.00
Nonmember Fee: $395.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -147.00

Description

Problems and Solutions

The all-new §199A pass-through deduction cuts non-C Corporation income tax rates to the lowest in three decades, but only for those eligible. Some higher (and lower) income taxpayers are aced out or trimmed back. Join us to learn how to make the most of the new 20% pass-through deduction. We’ll methodically work through a series of problems and solutions to put you in command of the foggy areas of §199A that others stumble on.

Designed For

Persons desiring to learn the latest tax planning opportunities and traps under §199A.

Objectives

To update the participant on relevant, cutting-edge tax planning opportunities and pitfalls of the §199A deduction available to partnerships, S Corps, sole proprietorships, trusts and estates.

Major Subjects

  • Complex new pass-through entity deduction (QBID) clearly explained
  • Is the definition of “specified service business” (SSB) the monster it appears to be?
  • Lasso income, wages, and property into the right spots & maximize QBID
  • What is the taxable income limitation – how to avoid its harsh impact?
  • Why wages and property may be important in each business
  • Aggregating – when you can, cannot, and how you must report (and continue to report)
  • Winners, losers, and the newly perplexed (how to help them all)

Leaders

Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns. Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as a trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses. Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch hit teaching the IRS practice and procedure topic. He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9. Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences. Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.