Source: https://www.cpethink.com/course/passthrough-business-deduction-section-199a-selected-overview-mini%20course
Timestamp: 2018-12-11 14:19:23
Document Index: 778187216

Matched Legal Cases: ['§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199', '§199']

Passthrough Business Deduction - Section 199A Selected Overview - Mini Course
Passthrough Business Deduction - Section 199A Selected Overview - Mini Course (Course Id 1436)
Taxes - Taxes for Course Id 1436
Revision Date : 29-Nov-2018
NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1436
Keywords : Taxes, Passthrough, Business, Deduction, Section, 199A, Selected, Overview, Mini, Course, cpe, cpa, online course
* Deduction amount
* Wage/capital limit
* Qualified business income
* Qualified trade or business
* Specify service trade or business
* De minimis regulatory rule
* Domestic business
1. Recognize §199A's limited effective time period, it's complex calculation process and the general exclusions, limits, and restrictions applicable to the provision.
2. Determine the §199A deduction amount, the type of W-2 wages used in calculating the wage/capital limit and specify how the limit impacts the amount and availability of the deduction.
3. Identify qualified business income and loss, its basic components and the ability of a taxpayer to aggregate businesses in its determination.
4. Recognize the specified services trade or business exclusion, the listed excluded services and the important exceptions provided by the regulatory de minimis rule. Identify a domestic trade or business.
Chapter 1 - Pass-through Business Deduction<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Introduction - Two Deductions
Passthrough Entities Deduction - 199A(a)
Agricultural & Horticultural Cooperatives Deduction - §199A(g)
Specified Cooperative Definition
Exclusions, Limits, & Restrictions
Wage/Capital Limit
Overall Ceiling Limit - The Final Frontier
Restrictions & Special Rules
Deduction Amount - §199A(a)
Overall Ceiling Limit
Combined Qualified Business Income Amount - §199A(b)
Deductible Amount Under §199A(b)(2)
Income Equal to or Less Than Threshold - §§199A(b)(3)(A)
Income Above Threshold but Below Addition - §199A(b)(3)(B)
Income Above Threshold Plus Addition - §199A(b)(2)
Qualified Business Income (QBI) - §199A(c)(1)
Carryover of Losses for Negative Total QBI - §199A(c)(2)
Qualified Items of Income, Gain, Deduction, & Loss - §199A(c)(3)
Exclusions from Qualified Items - §199A(c)(3)(B)
Reasonable Compensation & Guaranteed Payments - §199A(c)(4)
REIT Dividends & Publicly Traded Partnership Income
Qualified Trade or Business - §199A(d)
Aggregation - Grouping Multiple Activities
Specified Service Trade or Business Exclusion from Definition
Application of the Exclusion - Three Results
Below the Threshold Amount
In Excess of the Threshold Amount Plus $50,000 or $100,000
Within the Phase-in Range
Applicable Percentage - §199A(d)(3)(B)
De Minimis Exclusion for Small Amounts of Specified Service
Agricultural & Horticultural Cooperatives - §199A(g)
Domestic Business - 199A(c)(3)(A)(i)