Don Farmer's Sec. §199A QBID: Advanced Applications & Maximizing the 20% Deduction

Overview

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Get a comprehensive, no-fluff breakdown of the §199A QBID. Review the ground rules you need to know and get practical, real-world tax planning strategies to help your clients get the full 20% deduction they deserve. If you’re ready to turn this complex provision into a powerful tax-saving tool, this is the seminar for you.

This course is part of a two-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.

Highlights

• Which items of income and expense are excluded from the QBID?
• The two most important rules of §199A that we all need to be familiar with
• Tax planning for QBID "cliffs" — how to give optimal advice to your clients
• QBID planning for estates and trusts
• Wage and property limitations

  
  

Prerequisites

None

Objectives

• Identify methods to increase the QBID for LLCs and their members.
• Identify methods to reduce tax on the sale of a business using the QBID.
• Recognize how to apply the best method to advise clients who are in the "phase out" range.
• Describe how the “qualified business loss” carryover rules operate.