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TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE

CPE Processing Fee$56.25
Webinar TranscriptionN/A
Presentation Length Hour(s)3.0 hours
CPE Credits 3.0 hours
Subject Area 3.0 - Taxes (Federal Tax Update)
CE Credits 3.0 hours
Course Id# - HURS9-U-00223-18-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMay 29, 2019
Date OfferedMay 29, 2019
Expiration DateMay 29, 2020
Course Description

The new Section 199A 20% small business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This webinar is designed for financial planners, trustees, lawyers and CPAs that need to explore the limitations of the 199A deduction and how to design strategies that will help your clients optimize the deduction and reduce the impact of the service and non-service business limitations. This webinar focuses on how creative planning techniques can be used to optimize the 20% deduction, and Robert Keebler will cover the following topics during the webinar:


  • Specified Service Trade or Business with Income of $315,000 or Less

  • Specified Service Trade or Business with Income over $415,000

  • Understanding the Four types of Taxpayers

  • Planning for Income Between the Phase-out Limitations – A Critical Concept

  • What is a Specified Service Trade or Business?

  • Running the Math for Real Estate Investors

  • Running the Math for a Traditional Business

  • How are Professional Service Firms Treated Under Section 199A

  • What is Congress Hoping to Achieve with the 20% Small Business Deduction

  • Nonservice Business with Over $315,000 of Taxable Income

  • Nonservice Business with Less than $315,000 of Taxable Income

  • Changes in the Accuracy-Related Penalty

  • Separating Professional Service Firms into a Traditional Business and s Service Firm

  • Understanding the 2.5% Test and Why the Entity-by-Entity Basis is a Trap for the Unwary

  • Understanding the Limitation based on W-2 Wages and Capital:

    • Relationship to the Net Investment Income Tax

    • Understanding the Interest Limitation on an Entity-by-Entity Basis

    • Treatment of Real Estate Income and the 50% Wage Limitation

    • Treatment of Carryover Losses

    • The Impact of the Pass-thru Deduction on Prior Year Losses

    • The Impact on Qualified REIT Income

    • The Impact of Reasonable Compensation and Guaranteed Payments



Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Not logged
Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 7 minutes
QUESTION 2: 15 minutes
QUESTION 3: 30 minutes
QUESTION 4: 36 minutes
QUESTION 5: 57 minutes
QUESTION 6: 1:09 minutes
QUESTION 7: 1:15 minutes
QUESTION 8: 1:33 minutes
QUESTION 9: 2:05 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP, and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of the National Association of Estate Planners & Councils. CPA Magazine has also named him one of the top 100 most influential practitioners in the United States and one of the top 40 tax advisors to know during a recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. 

 

Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and estate, gift, and income tax examinations and appeals. He has received more than 200 favorable private letter rulings, including several key rulings of “first impression.” 

 

He is the author of over 100 articles and columns and is the editor, author, or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years, including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference, and the Heckerling Estate Planning Institute.

 

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About Our Presenter

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At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.