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§199A Qualified Business Income Deduction - New Choices, Choices


Total Credits: 8 including 8 Taxes - Technical

Average Rating:
   5
Category:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Update
Duration:
8 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.

Description

When Treasury dropped final §199A regs on us, we were given certain choices about whether to stay with certain §199A positions reported on 2018 returns or file amended returns for 2018 to achieve better posture. What are those choices and are you better off taking advantage of them?

At long last, IRS dropped, for the first time ever, forms (Form 8995 and Form 8995, complete with Schedules A, B, C and D) and Instructions for the qualified business income deduction QBID. 2019 Forms 1065 (1120S and 1041) K-1s also take a wholly different approach than before.

What new info, opportunities and requirements) do these new forms and guidance throw at our feet? What does it mean for 2019 returns claiming QBID? Take our all-new, fresh look course and learn to command the topic.

 

**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 leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • Explain QBID with guiding light to individuals, S Corp shareholders, LLC members, partners, trustees and estate administrators
  • Effectively choose whether to better posture with amended returns
  • Develop strategies to maximize QBID 

Major Subjects
  • QBID fully illuminated
  • Is rental real estate a §199A business or not? The §162 court cases nail it
  • Who needs the Rev. Proc. 2019-38 real estate safe harbor anyway? Most don’t
  • How income, wages and property can maximize QBID
  • Optional aggregation (of businesses) to pump up QBI deduction
  • Aggregating—Best to do so at entity or individual level? Or both?
  • Definition of “specified service business” (SSTB)
  • How income highs and lows can cause you woes
  • Effective date(s) of amended return choices (choices, choices, choices)

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 21


Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.


Dates

Sat, Jun 13, 2020 - 05:00a to 01:00p PDT
Fri, Jun 19, 2020 - 06:00a to 02:00p PDT
Mon, Jul 06, 2020 - 07:00a to 03:00p PDT
Tue, Jul 21, 2020 - 08:00a to 04:00p PDT
Wed, Aug 05, 2020 - 05:00a to 01:00p PDT
Thu, Aug 27, 2020 - 06:00a to 02:00p PDT
Tue, Sep 01, 2020 - 07:00a to 03:00p PDT
Mon, Sep 28, 2020 - 08:00a to 04:00p PDT
Wed, Oct 07, 2020 - 05:00a to 01:00p PDT
Sat, Oct 24, 2020 - 06:00a to 02:00p PDT
Mon, Nov 09, 2020 - 07:00a to 03:00p PST
Wed, Nov 25, 2020 - 08:00a to 04:00p PST
Tue, Dec 08, 2020 - 05:00a to 01:00p PST
Wed, Dec 23, 2020 - 06:00a to 02:00p PST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All 
Original Recording Date 03/06/2020
Yellow Book No
Course Developer Bradley Burnett
Date Added to Catalog 02/20/2020

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Promo Video

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Total Reviews: 2

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