The Tax Cuts and Jobs Act, the most comprehensive tax legislation in the past 30 years, has brought about many changes and opportunities for business owners to consider. One big change is the Section 199A – 20% deduction for Qualified Business Income (QBI). QBI generated through sole-proprietors, and pass-through entities (partnerships, S corps, and certain LLCs) may present some restructuring opportunities.
* Outline the Section 199A deduction
* Discuss qualifying for the Section 199A deduction
* Review the proposed regulations
* Explore planning opportunities and potential traps under Section 199A and the proposed regulations
* Strategize ways to optimize the deduction
Presenter: Adam Sweet, JD, LLM, Principal
Adam has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing profits interests. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, as well as a variety of IRS controversy matters, including IRS exams and appeals hearings.
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.