Understanding Section 199A: The 20% Deduction [DEPT]


Feb 12, 2019
Time: 08:00am-11:30am

Credit Hours:



Member: $150.00
Non-member: $225.00

Discussion Leader:

Susan Smith, CPA

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master's taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Smith is a two-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

Full Description

Understanding Section 199A: The 20% Deduction for Pass-Through Entity Owners and Investors in Real Estate (DEPT)

February 12, 2019

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, AK

Just updated! By far the most complex provision of the Tax Cuts and Jobs Act is the Section 199A 20% deduction for pass-through entity owners and real estate investors. To effectively prepare 2018 tax returns, CPAs must know how Section 199A works in detail so their clients can take advantage of the tremendous opportunities this provision offers. On January 18, 2019, the IRS released hundreds of pages of final regulations on this topic, providing long-awaited guidance and clarification. This program will equip practitioners with the knowledge to help clients implement Section 199A and maximize the 20% deduction, in light of this final IRS guidance.

Major Topics:
- How to calculate the Section 199A deduction
- Definitions that apply for purposes of the Section 199A deduction
- When is a rental activity a trade or business?
- Sec. 199A rules for owners of pass-through entities
- Requirements for aggregation of separate trades or businesses
- New insights into the definition of a specified service trade or business

Learning Objectives:
- Understand the new final regulations as they apply to a rental activity treated as a trade or business
- Understand the important changes to the Sec. 199A rules that the final regulations have made

Designed For: Any tax practitioner wishing to understand and apply the 199A deduction

CPE Credits: 4, Taxation

Level of Knowledge: Intermediate

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

Acronym: DEPT

Discussion Leader: Susan Smith, CPA