• Course Information

    Title: Section 199A Pass-Through Deduction
    Category: Taxation
    Field of Study: Taxes
    Course Code: T019-0571
    CPE Credits: 3.0
    Price: $27.95
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Description

Description:
he Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, affects the tax planning and income tax liability for many taxpayers. Among those for whom the TCJA will have a more significant effect are business owners of pass-through trades or businesses who may be eligible for the TCJA's pass-through deduction. Section 199A Pass-Through Deduction course examines this deduction.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Paul Winn

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 04/23/2019

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Objectives

Objectives:
1. Recognize a pass-through trade or business;
2. Calculate the pass-through deduction for a qualified trade or business owner whose taxable income does not exceed the applicable threshold;
3. Calculate qualified business income of SSTBs and non-SSTBs for business owners whose taxable income exceeds the applicable threshold;
4. Calculate the Section 199A deduction for a pass-through business whose owner's taxable income is within the phase-in range; and
5. Define the terms "qualified trade or business" and "qualified business income," for purposes of the pass-through deduction; and
6. Apply the carryover rules applicable to pass-through business owners who have negative combined qualified business income or qualified REIT dividends/PTP income.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-T-00188-19-S

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