199A - Last Minute Answers!

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2-hour self-study course includes:

  • One business can be part specified service and part not! (Learn how to allocate the income and how to enter it into the tax return)
  • How pension contributions affect QBI
  • When SE health insurance reduces QBI and when it doesn't
  • Why QBI must be adjusted for prior-year passive losses
  • New safe-harbor rule for qualifying rentals as a trade or business (and why it may be a business even if the taxpayer does not meet the safe-harbor)
  • Clarification on 1099 filing requirements for landlords
  • What to do if a K-1 received includes some income that is from a specified service business and some that is not (and what info is required to be on the K-1)
  • Clarification of a "specified service business" (there are many fewer than you thought!)
    • Do services provided by medical professionals have to be provided directly to the patient?
    • Skilled nursing and assisted living facilities
    • Outpatient surgical centers
    • Veterinarians
    • Laboratory services
    • Franchisor
    • Writers
    • Real estate settlement agents
    • Staffing firms
    • Architects and engineers
    • Professional sports clubs
    • Insurance agents
    • Actuarial science
    • Changes to the de minimis rule
  • How income from the sale of business property affects the 20% deduction
  • How businesses with losses affect businesses with income (and why you might not want the rental to be a business)
  • How to identify REIT dividends so you can take the 20% deduction
  • Self-rentals that must be reclassified as specified service businesses
  • New 3-year rule affecting workers presumed to be employees
  • Determining "unadjusted basis in property" and "depreciable period" for exchanges, inherited property, partnerships, etc.
  • And more...

Practice aids to save you time:

  • Examples worked on the IRS's just-released worksheets
  • Helpful "cheat sheet" so you know where to start on the IRS worksheets
  • Helpful worksheet to lead you through the calculations (rather than using the IRS's 4 pages of worksheets!)
  • And much more!!!

Easy and convenient learning tool:

  • View at your own pace and in any order you choose
  • Stop and start where you left off
  • Repeat difficult material
  • View class again and again
  • Textbook and narrated PowerPoint presentation

Continuing Education Credit

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This seminar has been designed to meet the requirements for 2 Federal Update continuing education hours for EAs, CRTPs, and CPAs. We have entered into an agreement with the Office of the Director of Practice, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors and length of class hours. This agreement does not constitute an endorsement by the Director of Practice as to the quality of the program or its contribution to the professional competence of the enrolled individual. 


 Program numbers

 IRS UD2VU-U-00061-19-S


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This seminar has been designed to meet the requirements for 2 hours of Federal Tax Law for the California Tax Education Council. This does not constitute endorsement by the CTEC as to the quality of the course or its contribution to the professional competence of the preparer. 

 
For more information regarding administrative policies such as complaints or refunds, contact Brass Tax at (858) 487-2553.  


 Program numbers

 CTEC 1008-CE-1086

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Brass Tax Presentations 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. 


 This seminar is designed to meet the requirements for 2 hours of continuing education for the California Board of Accountancy. Level: Update. Field of Study: Taxes. Delivery method: QAS self-study. Prerequisites: General knowledge of 199A deduction calculation. Advanced preparation: None.

 
Brass Tax Presentations is not registered with NASBA for self-study courses.