section-199a-deduction-–-how-to-maximize-benefits

Section 199A Deduction – How To Maximize Benefits?

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CEU Approved

  • 60 minutes

You may be thinking of extracting the full benefits of Section 199A for your clients, but lack of clarity and complexity in this section may prevent you in working to their best interests. While the 2017 Tax Cuts and Jobs Act (TCJA) brought significant changes to 199A, many questions have been left unanswered leading to confusion and ambiguity. Section 199A deductions are also known as Qualified Business Income deduction or pass-through deductions.

Many feel that Section 199A deduction calculations are elusive in scope because of the issues with specified service, trade or business, as well as the various combinations of revenue sources. Section 199A 20% deduction for pass-through entities and real estate investors is by far the most complex provision of the TCJA and optimizing it is no child’s play.  

This course with expert speaker Craig W. Smalley, will help practitioners gain the knowledge to help their clients maximize Section 199A deduction using new IRS guidance and guidelines. You’ll learn how pass-through entities can maximize the 20% deduction and learn about the latest updates to the tax code. This session will also provide you with better understanding on topics such as W2 wages, income thresholds, investment limits and eligibility. 

Session Highlights:

  • Major updates to the tax code

  • Insights on income thresholds and eligibility

  • W2 wages and investment limits

  • What is a Qualified Business Income (QBI)

  • Ways to maximize your clients’ Section 199A deduction

  • Know how to properly calculate the 199A or pass-through deductions

Why You Should Attend:

CPAs must know how Section 199A works before helping their clients maximize the amazing advantages this provision offers. Fortunately, on August 8, 2018, the IRS released much needed guidance and the specifics of the terms and calculations in a 200-page document, which is a great help for practitioners and taxpayers alike.

Who Should Attend:

  • Certified Public Accountants

  • Attorneys

  • Enrolled Agents

  • Finance and Accounting Professionals

  • Tax Attorneys


Advanced Preparation: None 

Program Level: Intermediate

Prerequisites: Basic knowledge of Finance, Accounting & Taxation

Field of Study: Finance Accounting & Taxation


*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Craig W. Smalley

Craig W. Smalley

Craig W. Smalley, E.A., has been admitted to practice before the Internal Revenue Service, is a Certified Tax Specialist, a Certified Estate and Trust Specialist, and has a Tax Certificate from UCLA. He has been in practice since 1994. He specializes in taxation, tax consulting, and tax planning. In addition, Craig has been published by the Washington Post, Chicago Tribune, New York Times, and is currently a columnist for AccountingWEB, CPA Practice Advisor, EA Journal, and AICPA Tax Insider. Craig is also the Co-Founder and CEO of CWSEAPA®, Tax Crisis Center®, and The Cannabis Accounting Group. In his years of practice, he has represented thousands of clients before the IRS and other State Agencies. Craig is located in Orlando, Florida.

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Edupliance 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.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1.0 (Accounting - 0.5 Taxes - 0.5)

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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