Webinar

IRC 199A - The Basics

Internal Revenue Code §199A (introduced by the Tax Cuts and Jobs Act of 2017)   significantly changes the rules regarding pass-through entities. Many practitioners do not feel comfortable with their understanding of these changes.  Werner-Rocca Seminars, Ltd., has created a two-part program to assist the practitioner in their understanding of this Internal Revenue Code section.  This course (Part 1 of the two-part program) teaches the practitioner how to compute the new tax on pass-through entities.

Objectives

  • To teach the practitioner how to compute the new tax on pass-through entities

Highlights

  • Definition of a Pass-Through Entity
  • The “20% Deduction” Computation
  • Eligible (Qualified) Business Income Limitation
  • Taxable Income Limitation
  • Excess Income Limitation
  • Specified Service Trade or Business (“SSTB”)
  • Various Examples

Additional Information

Designed For

CPAs, EAs, Attorneys, and other Tax Practitioners

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Taxes

Course Number

192215455

Level of Knowledge

Intermediate

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