Don Farmer's 2018 Tax Reform Update: Maximizing the 20% Deduction Under 199A
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Don Farmer's 2018 Tax Reform Update: Maximizing the 20% Deduction Under 199A (3-206)

REGISTRATION STATUS: OPEN
Friday, September 28, 2018
Materials Selection
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Description:

NEW! Don Farmer will be teaching an 8-hour course on tax reform!

The IRS estimates 10 million taxpayers will be affected by this new 20% deduction under section 199A and on Aug. 8, 2018, they released proposed regulations [REG 107892-18] covering the 20% deduction. These regulations answer many questions not addressed in the statute and are more than 180 pages long. Don will cover each aspect of this new section 199A deduction including complete coverage of the proposed regulations. 

Want to participate virtually instead? Sign up for the live simulcast!



Note:
Delivery Method - Group Live

Objectives:

To review the major developments that will affect taxpayers by this new 20% deduction under section 199A.



Highlights:

The following are just a few of the topics Don will cover:

  • Actions businesses can take before year-end to maximize the 20% section 199A deduction
  • Calculating the 20% deduction, including phasing in the W-2 Wage and Qualified Property limitation and phasing out the 20% deduction for Specified Service Trade or Businesses (SSTBs) 
  • Full coverage of the meaning of “W-2 Wages” and “Qualified Property”
  • Which businesses are SSTBs 
  • Which trades or businesses can be combined in calculating the deduction and restrictions on splitting-up businesses to maximize the deduction
  • Maximizing the deduction where an individual, S corporation or partnership owns more than one trade or business
  • Which tax vehicle (S corporation, partnership, or proprietorship) produces the largest deduction? 
  • Does rental income qualify for the deduction?


Designed for:

To review the major developments that will affect taxpayers by this new 20% deduction under section 199A.



Prerequisite:

None



Date:Friday, September 28, 2018
Time:8:00 AM - 4:00 PM (Registration at 7:30 AM) ET
Facility:Richmond Hilton Hotel & Spa, Richmond
Location:Richmond
CPE Credit:8.00 Taxation
Instructor: R. Donald Farmer
Vendor:Don Farmer, CPA, PA
Course Level:Update
Best Price:$325.00 VSCPA members, $425.00 nonmembers
Seminar Volume Discount:($25)

Advanced Preparation:

None

Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint and program cancellation policies, please visit vscpa.com/CPEPolicies or call (800) 733-8272.




 
 
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