Sec. 199A - Qualified Business Income Deduction: Insight and Planning - Self Study
The 20% Qualified Business Income Deduction (“QBID”): Insight and Planning Opportunities. Learn how to Prepare Your Clients for the Biggest Tax Break in 36 Years.

Put on your seatbelt and hold on. Congress has provided a major tax break to sole proprietors, rental real estate owners, and pass-through businesses. We’ll dive into the new “20% passthrough deduction” also known as the QBID. The approach will be on practical planning and focused on reducing your clients’ taxes.

Course Publication Date: October 17, 2019

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $20.00!

Author:Greg White
Course No:TAX-QBID-14069
Recommended CPE:2.00
Delivery Method:QAS Self Study
Level of Knowledge:Basic
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Taxes
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Learning Objectives
  • Identify total annual expected tax savings arising from the qualified business income deduction.
  • Identify types of income that qualify for the QBID.
  • Identify what level of income results in taxpayers being treated as “hamburger” taxpayers (i.e., not subject to the wage and wage/property limit).
  • Recognize the restrictions that apply only to higher income taxpayers.
  • Recognize the “cliff effect” that arises for taxpayers in phase-out territory and apply tax planning techniques to reduce taxes.
  • Identify the effect on the QBID of a partnership paying guaranteed payments to its partners.
  • Recognize “hamburger” taxpayers for purposes of the QBID, and the application of the wage and wage/property limits to them.
  • Recognize whether the “reasonable compensation” rules apply to guaranteed payments received by partners.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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