ACPEN: Section 199A Compliance: Rules and Reporting After OBBA

Overview

Section 199A compliance has evolved after OBBA — and so have the risks of getting it wrong. From revised definitions of qualified business income to updated reporting obligations, practitioners must navigate nuanced guidance affecting partnerships, S corporations, and sole proprietorships. Walk away with practical tools, compliance checklists, and calculation frameworks you can apply immediately.

Highlights

• A deep-dive look at the Section 199A flow-through entities deduction
• Calculation of qualified business income
• Application to rental real estate - "safe harbor" rule and aggregation rules
• Self-rental rule for 199A compared to self-rental rule for passive activities
• Differing impact on the sole proprietorship, partnerships and S corporations
• Forms reporting in Form 8995 and Form 8995-A
• Section 199A flowchart

Prerequisites

Basic working knowledge of individual and business taxation

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction

Objectives

• Identify the impact of the Section 199A rules on a variety of business entities
• Identify new provisions to Section 199A after OBBA 2025
• Apply the rules and forms reporting for deducting income from flow-through entities 

Preparation

None