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Description
"IRC Section 199A offers a significant tax benefit to owners of pass-through entities, however, navigating its complex rules can be challenging even for seasoned professionals. This course provides a practical, high-level overview of the Qualified Business Income (QBI) deduction, including eligibility requirements, limitations, planning opportunities, and common pitfalls. Participants will explore strategic applications for various types of pass-through entities and gain tools to help clients maximize this valuable deduction.
Ideal for CPAs, tax advisors, and financial professionals who want to deepen their understanding of Section 199A and apply it confidently in client engagements."
Learning Objectives
"Upon completion of this course, participants will be able to:
Describe the purpose and scope of IRC Section 199A and its role in tax planning for pass-through entities
Identify which taxpayers and business types are eligible for the Qualified Business Income (QBI) deduction
Apply the basic calculation framework for the Section 199A deduction
Recognize income thresholds, wage and property limitations, and phase-outs that affect eligibility
Distinguish between Specified Service Trades or Businesses (SSTBs) and non-SSTBs
Evaluate planning opportunities to maximize the deduction under different entity structures
Describe common compliance issues and errors related to the QBI deduction
Apply high-level strategies for entity structuring and income allocation to optimize Section 199A benefits"