Section 199A: Applications & Challenges Webcast [AIG4]

Aug 25, 2021
Time: 08:30am-12:00pm

Subject:

Taxation

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

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Discussion Leader:

Joseph Nicola, CPA    more info

Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced in federal and multi-state tax matters that affect numerous industries and niches, including private equity, investments, natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as retirement planning, succession planning in the context of a family office, securities, partnership and corporate reorganizations and liquidations, and international tax matters. While in public practice, Joe also served for many years as an adjunct member of the faculty with Duquesne University's MBA and Master of Science in Taxation/Accountancy programs, as well as with Robert Morris University's Master of Taxation program. His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis of Managerial Decisions, and Taxation of Derivatives. He is also a published author of CPE/CLE texts and industry articles, and a frequent professional speaker. Mr. Nicola received his BS degree in Business Administration from Robert Morris University and his JD degree from the University of Pittsburgh School of Law.

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Website registration for this course closes on August 24, 2021. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Section 199A: Applications & Challenges Webcast (AIG4)

August 25th, 2021

Section 199A continues to challenge tax practitioners because of its complexity and its interactions with other provisions of the Internal Revenue Code. This program updates practitioners on the latest thinking about and planning strategies regarding Section 199A. It incorporates the experiences of tax practitioners regarding this provision, including issues relating to the preparation of the Forms 8995 and 8995-A. This program will include any recent IRS guidance regarding Section 199A.

Major Topics Covered:
-Latest guidance issued by the IRS, including relevant regulations, rulings, or administrative announcements
-Choosing to aggregate multiple trades or businesses into a single trade or business
-Calculating qualified business income (QBI)
-Identifying specified service trades or businesses
-Taxable income limits on specified service trade or businesses
-Maximizing the 20% deduction for pass-through entities and Schedule Cs
-Proper treatment of REIT, PTP, and cooperative income
-Rental activities as a trade or business and the rental safe harbor election
-Preparing Forms 8995 and 8995-A

Learning Objectives:
-Understand how the Section 199A deduction is calculated and maximized
-Deal with the 199A deduction in the context of a rental activity

Designed For: Any tax practitioner wishing to understand the Section 199A deduction.

CPE Credits: 4, Taxation

Level of Knowledge: Update

Prerequisite: A basic understanding of the federal tax rules relating to individuals and businesses.

Acronym: AIG4

Discussion Leader: Joseph Nicola, CPA