CPAR Taxes

CPAR - 2018/October, Seg.01 - Educating Your Client (and Yourself) on the Sec. 199A Deduction

Course Overview
As tax advisers increasingly prepare clients for changes in their 2018 tax liability, it is also time for the IRS to release its regulatory guidance on the new 20% deduction of qualified business income for the owners of pass-through businesses and the other changes produced by the Tax Cuts and Jobs Act. As promised, regular expert commentator Barbara Weltman focuses exclusively on the potential benefits, as well as the very real pitfalls, surrounding the QBI deduction and IRC sec. 199A.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify why Congress provided the qualified business interest deduction for pass-though entities;
  • Distinguish between the QBI for those taxpayers with incomes under the "threshold amounts" and those with incomes over it;
  • Define what UBIA stands for and why it is important; and
  • Explain the impact of a business from being classified as a
    "specified service trade or business" (SSTB).

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

Price (USD)

Standard: $69.90


Course Code : CPAR1355-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

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