Don Farmer's Sec. §199A QBID: Advanced Applications & Maximizing the 20% Deduction - VIRTUAL

Overview

Join tax experts and CPAs George Koutelieris and Greg White for part two of a two-part seminar. You’ll get a comprehensive, no-fluff breakdown of the §199A Qualified Business Income Deduction (QBID). They’ll guide you through the ground rules you need to know and share practical, real-world tax planning strategies to help your clients get the full 20% deduction they deserve. If you’re ready to turn this complex provision into a powerful tax-saving tool, this is the seminar for you.

Highlights

• Which items of income and expense are excluded from the QBID?
• The two most important rules of §199A that we all need to be familiar with.
• Tax planning for QBID "cliffs" - how to give optimal advice to your clients.
• QBID planning for estates and trusts.
• Wage and property limitations.

Prerequisites

None

Designed For

CPAs and tax professionals involved in the world of tax.

Objectives

• Identify methods to increase the QBID for LLCs and their members.
• Identify methods to reduce tax on the sale of a business using the QBID.
• Recognize how to apply the best method to advise clients who are in the "phase out" range.
• Describe how the "qualified business loss" carryover rules operate.

Preparation

None