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Section 199A Qualified Business Income : The 20% Haircut - SHRM & HRCI Accredited
- Explain what Qualified Business Income is and is not
- Map out the various limitations on QBI and the 20% deduction
- Clarify the conditions where rental property qualifies as QBI
- Determine how trusts may use the deduction and avoid the anti-abuse rules
- Properly apply the reasonable compensation rules to pass through entities
- Legally minimize your tax liability using section 199A
Overview of the webinar
In this practical webinar, you will learn to navigate section 199A and identify the key opportunities and issues for you and your taxpayer/clients.You will also receive a list of valuable resources to support you with your more challenging situation.
Who should attend?
- CFOs
- Controllers
- Compliance Managers
- Compliance Officers
- Accounting Managers
- Information Reporting Officers
- Tax Managers
- Bank Managers
- Risk Managers
- Human Resource Managers
- Internal Auditors
Why should you attend?
Section 199A provides the opportunity for beneficial owners of pass-through businesses and owners of many other trades or businesses to take a deduction for up to 20% of Qualified Business Income plus 20% of REIT dividends and qualified publicly traded partnership income.The catch – Specified Service Trades or Businesses (SSTBs) and the trade or business of providing services as an employee are not eligible unless taxable income is below certain threshholds.The credit is also subject to other limitations and phase-outs.The IRS published final regulations in January of 2019. Not surprising, they are complex and require a careful read. We have digested them and are offering you the cliff notes with this webinar. Section 199A also has a sunset provision.
Faculty - Mr.Miles Hutchinson
Miles Hutchinson has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a highly sought-after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include Abbott Labs, Citicorp, the FBI, GE, Pfizer and the US Marine Corps.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org