Planning for the Sec. 199A Qualified Business Income Deduction (QBID)
The objective of this session is to review the basic computations for the QBID for six possible scenarios, define and describe the basic components of the computations, and examine in detail the troublesome complexities and unanswered questions related to the deduction. The discussion begins with an examination of the basic computations for combinations of three possible income levels of taxpayers (moderate-income, threshold-income, and high-income taxpayers) and for two different types of taxpayers (service and non-service providers). Key terms and computational components such as “qualified business income,” “specified service trades or businesses (SSTBs),” “W-2 wage limits,” and “unadjusted basis immediately after acquisition of property” are examined in detail. The session concludes with a discussion of the aggregation rules and reporting requirements for the QBID. Tax planning strategies are interspersed throughout the discussion.
After this webinar you will be able to:
- IRS CE: 2 Hours/Federal Tax Law
- NASBA CE: 2 Hours/Federal Tax Law
- CTEC CE: 2 Hours/Federal Tax Law
NSA ConnectED Webinar CPE Bonanza
Program Level: Basic
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approced by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.