Overview
This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting, and recent developments.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Objectives
- Identify the impact of the Section 199A rules to a variety of business entities
- Apply the rules and forms reporting for deducting income from flow-through entities
Highlights
- A deep-dive look at the Section 199A flow-through entities deduction
- Calculation of qualified business income
- 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
- 199A flowchart
