During this on-demand course, CPA Greg White, an authority on §199A, will dive deep into the "wage, property and other limitations" associated with this deduction. He’ll cover tax planning strategies to maximize the Qualified Business Income Deduction (QBID) ushered in by passage of the TCJA.
What's covered in this session?
- How to measure the “property” factor.
- How to increase the property factor without losing tax deductions.
- How to compute the exact amount of property you need to maximize the QBID.
- How to measure the “W-2 wage” factor.
- Should your S corporation clients be paid bonuses before year end to maximize the QBID?
- When can taking a bonus backfire?
- How to use “aggregation” to maximize your client’s QBID.
- When to aggregate and not aggregate.
Course Publication Date:
October 17, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or
webinar membership or can be purchased for
$20.00!
| Author: | Greg White |
| Course No: | TAX-199ALMT-14099 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Identify the requirements to aggregate businesses.
- Recognize the expected total tax savings for all taxpayers as a result of aggregating businesses.
- Identify the proper depreciable period for different types of property.
- Recognize the income limits for “hamburger” taxpayers who aren’t subject to the wage or wage/property limits.
- Identify the type of wages that qualify for the wage and wage/property limits.
- Identify the types of property that don’t qualify for the property factor.