Everything you Need to Know about the Pass-Through Entity Rules
Friday, August 16, 2024
11:30am - 1:30pm (opens at 11:00AM) EST
2Credits
Technical Business
Registration is Open
Members
$90.00 Regular Price
Non-Members
$110.00 Regular Price
Course Type: CPE Seminars
Course Code: 24/MA199AWS
Level: Basic
Vendor: Werner and Rocca Seminars, Ltd
Field of Study: Taxes
Overview:
The Tax Cuts and Jobs Act (TCJA) has introduced a transformative change, allowing individuals, estates, and trusts to claim a deduction of up to 20% of qualified business income stemming from sole proprietorships and pass-through entities. This deduction holds substantial benefits for numerous clients. Join us for a comprehensive exploration of the intricacies of Section 199A, equipping you to provide expert guidance to clients, enabling them to leverage this deduction to its fullest potential.Objectives:
- Identify qualified business income as defined by IRC Section 199A.
- Calculate the 199A deduction accurately.
- Devise strategies to optimize the deduction for clients.
Presenters:
-
Arthur Joseph Werner
Read more about Arthur Joseph Werner here
Major Topics:
- Probing the substantial tax code revisions stemming from the Tax Cuts and Jobs Act.
- Clarifying eligibility criteria and income thresholds.
- Grasping the role of W2 wages and investment limits in the 199A deduction.
Major Topics:
- Probing the substantial tax code revisions stemming from the Tax Cuts and Jobs Act.
- Clarifying eligibility criteria and income thresholds.
- Grasping the role of W2 wages and investment limits in the 199A deduction.