Section 199A Compliance: Rules and Reporting After OBBA
2.00 Credits
Member Price $89
Non-Member Price $119
Overview
Section 199A compliance has evolved after OBBA — and so have the risks of getting it wrong. From revised definitions of qualified business income to updated reporting obligations, practitioners must navigate nuanced guidance affecting partnerships, S corporations, and sole proprietorships. Walk away with practical tools, compliance checklists, and calculation frameworks you can apply immediately.
Highlights
- A deep-dive look at the Section 199A flow-through entities deduction
- Calculation of qualified business income
- Application to rental real estate - "safe harbor" rule and aggregation rules
- 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
- Section 199A flowchart
Prerequisites
Basic working knowledge of individual and business taxation
Designed For
CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction
Objectives
- Identify the impact of the Section 199A rules on a variety of business entities
- Identify new provisions to Section 199A after OBBA 2025
- Apply the rules and forms reporting for deducting income from flow-through entities
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steven C. Dilley, CPA, JD, PhD, is president of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a professor of accounting at Michigan State University, where he teaches tax accounting and has recently received two teaching awards. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, the American Accounting Association, AICPA, American Tax Association and Hawaii Association of Public Accountants.
Non-Member Price $119
Member Price $89