Don Farmer's Section 199A Deduction: Complex Ownership & Aggregation Rules (2 hours - late morning) - Webcast
Overview
This course addresses advanced §199A issues affecting partnerships, S corporations, and complex ownership structures. Participants will examine aggregation elections, SSTB limitations, W-2 wage and qualified property tests, and tiered entity complications. The course emphasizes practical application and documentation requirements to support the qualified business income deduction.
Highlights
- Overview of IRC §199A Framework; Application of the qualified business income (QBI) deduction to pass-through entities
- Application of §199A rules to partnerships, S corporations, and tiered ownership arrangements
- Treatment of QBI, REIT dividends, and publicly traded partnership income in complex structures
- Requirements, elections, and limitations related to §199A aggregation
- Impact of aggregation decisions on deduction optimization and compliance
- Identification of SSTBs and application of income thresholds and phaseout rules
- W-2 Wage and Qualified Property Limitations
- Required disclosures, documentation standards, and reporting considerations to support §199A positions
Designed For
CPAs and tax professionals
Objectives
- Apply §199A rules to complex ownership and tiered entity structures
- Evaluate aggregation elections and their planning implications
- Analyze SSTB limitations and threshold phaseouts
- Calculate W-2 wage and qualified property limitations
- Identify documentation and compliance requirements for §199A positions
Leader(s):
Leader Bios
Nicholas Preusch, Don Farmer Tax Education
Nick Preusch, CPA, J.D., LL.M., MSA, has a primary focus of performing tax services relating to emerging issues and complex tax transactions. He works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Nick started his career with the Internal Revenue Service (IRS) as a revenue agent, and then as an attorney at the IRS National Office in Washington, D.C., where he was the lead attorney for several significant tax ethics cases.
Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA's Tax Advisor and Journal of Accountancy along with CCH's Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA's Top 5 Under 35. In 2018, he was named to CPA Practice Advisor's Top 40 Under 40. In 2018, he was part of the AICPA's New Face of Tax ad campaign. Nick has been a member of the AICPA's Tax Practice Responsibilities Committee, Tax Executive Committee and Professional Ethics Executive Committee.
(4/15/26)
Non-Member Price $109.00
Member Price $89.00