Source: https://catalogz.acpen.com/item/understanding-section-199a-business-income-deduction-237794
Timestamp: 2018-09-20 18:33:35
Document Index: 487399528

Matched Legal Cases: ['§199', '§199', '§199', '§199', '§199', '§1', '§1', '§1', '§1', '§1', '§1', '§1', '§199', '§199']

Live Webcast Replay - Understanding Section 199A: Business Income Deduction
ACPEN Industry Institute | ACPEN Tax Institute | IRS Approved | Practice Management | Tax
Fri, Sep 21, 2018 - 11:00a to 03:00p EDT Thu, Sep 27, 2018 - 02:00p to 06:00p EDT Thu, Sep 27, 2018 - 04:00p to 08:00p EDT Mon, Oct 01, 2018 - 09:00a to 01:00p EDT Thu, Oct 11, 2018 - 09:00a to 01:00p EDT Mon, Oct 15, 2018 - 01:00p to 05:00p EDT ☾ Sat, Oct 20, 2018 - 11:00a to 03:00p EDT Wed, Oct 31, 2018 - 12:00p to 04:00p EDT Thu, Nov 01, 2018 - 09:00a to 01:00p EDT ☾ Sat, Nov 03, 2018 - 10:00a to 02:00p EDT Thu, Nov 15, 2018 - 12:00p to 04:00p EST Mon, Nov 19, 2018 - 11:00a to 03:00p EST Tue, Nov 27, 2018 - 10:00a to 02:00p EST Wed, Dec 05, 2018 - 11:00a to 03:00p EST Mon, Dec 10, 2018 - 03:00p to 07:00p EST Thu, Dec 13, 2018 - 04:00p to 08:00p EST Mon, Dec 17, 2018 - 10:00a to 02:00p EST Thu, Dec 27, 2018 - 01:00p to 05:00p EST
The Tax Cuts and Jobs Act (TCJA) added Internal Revenue Code §199A. This Code section creates “pass-through” rules that allows individuals, estates, and trusts may to deduct up to 20% of their qualified business income from sole proprietorships and pass-through entities. Many of your clients will benefit from this deduction. However, IRC §199A has many vague points which needed clarification. On August 8, 2018, the Internal Revenue Service release proposed regulations on IRC §199A. As a practitioner, you need to understand these proposed regulations in order to best serve the needs of your client.
This course will give the practitioner a thorough understanding of Internal Revenue Code §199A and the recently released proposed regulations. The following is an outline of the course topics:
Brief overview of Internal Revenue Code §199A
Understanding the calculation of the 20% pass-through deduction
Understanding of the term “Specialized Service Trade or Business”
Potential planning ideas for the client
Understanding Proposed Regulation §1.199A-1 (Operational Rules)
Understanding Proposed Regulation §1.199A-2 (Wages and UBIA of Qualified Property)
Understanding Proposed Regulation §1.199A-3 (Qualified Business Income, Qualified REIT Dividends, and Qualified Publicly Traded Partnership Income)
Understanding Proposed Regulation §1.199A-4 (Aggregation)
Understanding Proposed Regulation §1.199A- 5 (Specified Service Trade or Businesses or Business of Performing Services as an Employee)
Understanding Proposed Regulation §1.199A-6 (RPEs, PTPs, Trusts, and Estates)
Understanding Proposed Regulation §1.643(f)-1 (Anti-avoidance Rules for Multiple Trusts)
No matter what your experience or skill level is, all practitioners who take this program will find that their ability to understand Internal Revenue Code §199A and the recently released proposed regulations will improve. In addition to attaining a superior comfort level with the pass-through entity deduction and the Internal Revenue Service’s position on IRC§199A, the practitioner will learn how to integrate planning ideas for their clients in this area. As a practitioner, you should not miss this opportunity to improve your ability to expand your practice!
Identifying qualified business income
Calculate the 199A deduction
Identify how your clients can maximize the deduction
Major changes to the tax code
Eligibility and income thresholds
Understanding Section 199A: Business Income Deduction_Slides Handout (6.86 MB) 31 Pages Available after Purchase
IRS_Proposed_Regs_Section199A (0.51 MB) 184 Pages Available after Purchase
Understanding Section 199A: Business Income Deduction_Q&A (0.01 MB) Available after Purchase
Fri, Sep 21, 2018 - 11:00a to 03:00p EDT
Thu, Sep 27, 2018 - 02:00p to 06:00p EDT
Thu, Sep 27, 2018 - 04:00p to 08:00p EDT
Mon, Oct 01, 2018 - 09:00a to 01:00p EDT
Thu, Oct 11, 2018 - 09:00a to 01:00p EDT
Mon, Oct 15, 2018 - 01:00p to 05:00p EDT
Sat, Oct 20, 2018 - 11:00a to 03:00p EDT
Wed, Oct 31, 2018 - 12:00p to 04:00p EDT
Thu, Nov 01, 2018 - 09:00a to 01:00p EDT
Sat, Nov 03, 2018 - 10:00a to 02:00p EDT
Thu, Nov 15, 2018 - 12:00p to 04:00p EST
Mon, Nov 19, 2018 - 11:00a to 03:00p EST
Tue, Nov 27, 2018 - 10:00a to 02:00p EST
Wed, Dec 05, 2018 - 11:00a to 03:00p EST
Mon, Dec 10, 2018 - 03:00p to 07:00p EST
Thu, Dec 13, 2018 - 04:00p to 08:00p EST
Mon, Dec 17, 2018 - 10:00a to 02:00p EST
Thu, Dec 27, 2018 - 01:00p to 05:00p EST
Designed For Designed for CPAs and other finance professionals
Original Recording Date 08/17/2018
Date Added to Catalog 08/14/2018
"; } }, zoom: { enabled: true, duration: 300, // don't foget to change the duration also in CSS opener: function (element) { //return element.prev(); return element.find("img"); } } }); }); //REGION END FOR SLIDE SHOW OF IMAGES ////Bootstrap Pophover End setTimeout(function () { selectActiveTab(); }, 100); DisplayInnerTabs(); //Display particular tab }); $("body").on("click", ".btnAddtocart,.btnCartAgendaProduct", function () { if (!$(".productBody input[name='price']:checked").val()) { alert("Please select one of the pricing options to add this item to your cart."); } else { var ProductId = '237794'; var productTypeId = '3' var addOnPriceType = "AddOnPrice"; if (productTypeId != undefined && productTypeId == 12) { addOnPriceType = "ClassroomAddOn"; } var hdnBundleType4Product = ""; if ($("#hdnBundleType4Product") != undefined) { hdnBundleType4Product = $("#hdnBundleType4Product").val(); } var datatarget; if (hdnBundleType4Product == "1" && !$(".clsAdditionalprice").is(":checked")) { datatarget = "bundleType4AlertPopup"; $('#' + datatarget).modal('hide'); } else { if ($(".clsAdditionalprice").is(":checked")) { datatarget = "alertmodelAdditionalPrice" + ProductId; $('#' + datatarget).modal('hide'); } else { datatarget = "alertmodel" + ProductId; $('#' + datatarget).modal('hide'); } } var TimeId = 0; var chkRadioPrice = $('.rdbprice input[type=radio]:checked,.rdbprice input[type=checkbox]:checked'); var Price = $(chkRadioPrice).attr('value'); var PriceData = Price.split(','); var productPriceId = PriceData[0]; var productPrice = PriceData[1]; var Quantity = 1; var EventTimeId = $("#ProductEventTimeId").val(); var MultipleEventTimeId = $('.rdbprice input[type=radio]:checked,.rdbprice input[type=checkbox]:checked').closest('.clsProductPrice').find('.EventDate').val(); var priceType = $(chkRadioPrice).attr("data-priceType"); var entitytype = $(chkRadioPrice).attr("data-entitytype"); if (MultipleEventTimeId > 0) { TimeId = MultipleEventTimeId; } else { TimeId = EventTimeId; } var IsAdditionalItemChecked = false; var additionalItemChecked = $('input[class=clsAdditionalprice]:checked').prop('checked'); var additionalprice = 0; ////REGION START:mantis item no : 4724 : In Additional CE, Now we have checkbox instead of radio buttons ////REVERT BACK THIS CHANGE DUE TO MANTIS ITEM :4815 //if (additionalItemChecked) { // IsAdditionalItemChecked = true; // additionalprice = $('input[class=clsAdditionalprice]:checked').attr('data-value'); //} ////REGION END:mantis item no : 4724 : In Additional CE, Now we have checkbox instead of radio buttons var listCart = []; if (priceType != "AdditionalPrice") { listCart.push({ "productId": ProductId, "productPriceId": productPriceId, "EventTimeId": TimeId, "productPrice": productPrice, "quantity": Quantity, "priceType": priceType, "IsAdditionalItemChecked": IsAdditionalItemChecked, "additionalprice": additionalprice, "IsAddOnProduct": false }); } if (additionalItemChecked) { IsAdditionalItemChecked = true; additionalprice = $('input[class=clsAdditionalprice]:checked').attr('data-value'); var additionalPriceTimeId = $('input[class=clsAdditionalprice]:checked').attr('data-eventid'); listCart.push({ "productId": ProductId, "productPriceId": productPriceId, "EventTimeId": additionalPriceTimeId, "productPrice": productPrice, "quantity": Quantity, "priceType": priceType, "IsAdditionalItemChecked": IsAdditionalItemChecked, "additionalprice": additionalprice, "IsAddOnProduct": false }); } //Add Related Add On Products $('.clsRelatedProduct:checked').each(function (i) { listCart.push({ "productId": $(this).attr("data-productId"), "EventTimeId": $(this).attr("data-eventTimeId"), "priceType": addOnPriceType, "productPrice": $(this).attr("data-ProductPrice"), "quantity": 1, "IsAddOnProduct": true, "RelatedProductId": $(this).attr("data-relatedproductid") }); }); var agendaAnswer = $("#hdnAgendaAnswer").val(); var isExistAgendaonCart = $("#hdnisExistAgendaonCart").val(); if (isExistAgendaonCart != undefined && isExistAgendaonCart == 1 && (agendaAnswer == undefined || agendaAnswer == '' || agendaAnswer == "")) { if (entitytype != undefined && entitytype == "4") { OpenAgendaPopup(ProductId, productPrice, entitytype, productPriceId); return false; } else { $.ajax({ type: "POST", url: "/Items/ChekAgendaGroupDiscount", dataType: "json", data: { 'productId': ProductId }, success: function (data) { if (data != undefined && data == 0) { OpenAgendaPopup(ProductId, productPrice, entitytype, productPriceId); return false; } else { AddProductToCart(listCart, ProductId); } }, error: function (data) { $("#divProgress").hide(); alert('Error! Please try again later.'); } }); } } else { AddProductToCart(listCart, ProductId); } } }); function AddProductToCart(listCart, ProductId) { $.ajax({ type: "POST", url: ADD_TO_CART_URL, dataType: "json", data: { "listCart": JSON.stringify(listCart) }, success: function (data) { $("#hdnAgendaAnswer").val(''); if (data.isSendCustomerToCart != undefined && data.isSendCustomerToCart == true && (data.IsCECreditPrice == undefined || data.IsCECreditPrice == "" || data.IsCECreditPrice == false)) { window.location.href = '/ShoppingCart'; return false; } if (data.CartCount != null && data.CartCount != "" && data.CartCount != "0") { parent.$("#cartspancount").html(data.CartCount); parent.$("#cartItemList").load(GET_CART_URL); } //compare Product item if (data.isCompareProduct != undefined && data.isCompareProduct == true) { parent.$("#compareProductcartspancount").html(data.compareProductCount); parent.$("#compareProductcartItemList").load(GET_COMPAREPRODUCTCART_URL); } if (data.Message != null && data.Message != "") { parent.$("#CartMessage").html(data.Message); $(".CartMessage").show(); ChangeAlterMessageClass(".CartMessage", data.Message); } if (data.IsCECreditPrice !== undefined && data.IsCECreditPrice != null && data.IsCECreditPrice == true) { $("#cecreditpurchase" + ProductId).modal(); } setTimeout(function () { $(".CartMessage").hide(); }, 10000); }, complete: function (data) { }, error: function (data) { alert('Error! Please try again later.'); } }); } function OpenAgendaPopup(ProductId, productPrice, entitytype, productPriceId) { var height = $(this).attr("data-height"); var width = $(this).attr("data-width"); $.magnificPopup.close(); $.magnificPopup.open({ items: { src: AGENDA_PRODUCT_POPUP + '?productId=' + ProductId + '∨derItemId=' + 0 + "∏uctPrice=" + productPrice + "&entityType=" + entitytype + "&discountId=" + productPriceId }, type: 'iframe', closeOnBgClick: false, mainClass: 'CustomPop' }); $('.mfp-content').css('height', height); $('.mfp-content').css('width', width); $('.mfp-iframe-holder .mfp-content').css('max-height', height + 'px'); $('.mfp-iframe-holder .mfp-content').css('max-width', width + 'px'); return false; } function ChangeAlterMessageClass(className, message) { if (className != null && className != undefined && className != "" && message != null && message != undefined && message != "") { if (message == "The maximum number of purchases for this product has been reached and it is no longer purchasable.") { $(className).removeClass('alert-success').addClass('alert-warning'); $(className).find("i").removeClass('fa-check').addClass('fa-exclamation-circle'); } else { $(className).removeClass('alert-warning').addClass('alert-success'); $(className).find("i").removeClass('fa-exclamation-circle').addClass('fa-check'); } } } $("body").on("click", ".btnAddBundleToMyCart", function () { var listCart = []; var hdnProductList = JSON.parse($(".cldHdnProducts").val()); $.each(hdnProductList, function (i, obj) { listCart.push({ "productId": obj.ProductId, "quantity": "1", "productPriceId": 0, "EventTimeId": obj.EventTimeId, "productPrice": obj.SpecialPrice, //"priceType": "BundlePrice", "priceType": "StandardPrice", "productTypeId": obj.ProductTypeId, "basePrice": obj.Price, "bundleProductId": obj.BundleProductId, "bundleId": obj.BundleId }); }); $.ajax({ type: "POST", url: BUNDLE_ADDTOCART_LINK, dataType: "json", data: { "listCart": JSON.stringify(listCart), "isBundleType4": true }, success: function (data) { if (data.CartCount != null && data.CartCount != "" && data.CartCount != "0") { parent.$("#cartspancount").html(data.CartCount); parent.$("#cartItemList").load(GET_CART_URL); if (data.isSendCustomerToCart != undefined && data.isSendCustomerToCart == true) { window.location.href = '/ShoppingCart'; return false; } } //compare Product item if (data.isCompareProduct != undefined && data.isCompareProduct == true) { parent.$("#compareProductcartspancount").html(data.compareProductCount); parent.$("#compareProductcartItemList").load(GET_COMPAREPRODUCTCART_URL); } if (data.Message != null && data.Message != "") { parent.$("#CartMessage").html(data.Message); $(".CartMessage").show(); } setTimeout(function () { $(".CartMessage").hide(); }, 10000); }, complete: function (data) { $('#bundleType4AlertPopup').modal('hide'); }, error: function (data) { alert('Error! Please try again later.'); } }); }); $("body").on("click", ".btnAddCompareProductItem", function () { var ProductId = $(this).attr('data-value'); $.ajax({ type: "POST", url: ADD_COMPAREPRODUCT_URL, dataType: "json", data: { 'ProductId': ProductId }, success: function (data) { if (data.CartCount != null && data.CartCount != "" && data.CartCount != "0") { parent.$("#compareProductcartspancount").html(data.CartCount); parent.$("#compareProductcartItemList").load(GET_COMPAREPRODUCTCART_URL); } if (data.Message != null && data.Message != "") { parent.$("#CompareProductCartMessage").html(data.Message); $(".CompareProductCartMessage").show(); } //set wishlist count if (data.isChangeWishlist == true) { parent.$("#Wishlistcount").html("(" + data.wishlistCount + ")"); } setTimeout(function () { $(".CompareProductCartMessage").hide(); }, 10000); }, complete: function (data) { }, error: function (data) { alert('Error! Please try again later.'); } }); }); $("body").on("click", ".btnHidePurchaseAlert", function () { var dataTarget = "#" + $(this).attr("data-val"); $(dataTarget).modal('hide'); }); $('#bundleType4AlertPopup').on('shown.bs.modal', function () { //same script on add to cart pop up if ($("#bundleType4ProductList").html().length == 0) { $("#bundleType4ProductList").html("
"); var bundleid = $("#hdnBundleType4Product").attr("data-val"); $("#bundleType4ProductList").load(ADD_BUNDLE_TYPE_4_ADD_TO_CART_URL + "?id=" + bundleid, function () { }); } }); function beginPaging(args) { } function successPaging() { $("#dt_basic_wrapper_review").attr("action", $("#pagingReviewFormAction").attr("href")); } function failurePaging() { //alert("Could not retrieve list."); } function printProductDetail() { var printContents = $('.productBody').parent().html(); var originalContents = document.body.innerHTML; document.body.innerHTML = printContents; window.print(); document.body.innerHTML = originalContents; } function addCECredittoCart(productId) { var datatarget = "cecreditpurchase" + productId; $('#' + datatarget).modal('hide'); $.ajax({ type: "POST", url: ADD_CECREDITTOCART_URL, dataType: "json", data: { 'productId': productId }, success: function (data) { if (data.isSendCustomerToCart != undefined && data.isSendCustomerToCart == true) { window.location.href = '/ShoppingCart'; return false; } if (data.CartCount != null && data.CartCount != "" && data.CartCount != "0") { $("#cartspancount").html(data.CartCount); $("#cartItemList").load(GET_CART_URL); } }, complete: function (data) { }, error: function (data) { alert('Error! Please try again later.'); } }); } //display Purchase Alert any time Customer purchases additional participant CE //REGION:START : COMMENT OUT DUE TO MANTIS ITEM : 4724 //REVERT BACK THAT CHECKBOX MANTIS ITEM : 4815 $(".productBody input[name='price']").on("change", function () { if ($(".clsAdditionalprice").is(":checked")) { $(".clsAdditionalPriceCart").show(); $(".clsStandardPriceCart").hide(); } else { $(".clsAdditionalPriceCart").hide(); $(".clsStandardPriceCart").show(); } //5167: Pricing checkbox - If customer unselect the main price, gray out the add on product checkboxes. if ($('.productBody input[name="price"][data-pricetype!="AdditionalPrice"]:checked').length > 0) { $(".clsRelatedAddOnProducts").removeClass('addongrayout').find('input[type="checkbox"]').prop('disabled', false); } else { $(".clsRelatedAddOnProducts").addClass('addongrayout').find('input[type="checkbox"]').prop('disabled', true).prop('checked', false); } }); //REGION:END : COMMENT OUT DUE TO MANTIS ITEM : 4724 $("body").on("click", ".btnProductStock", function () { var saveLaterUrl = $(this).attr('data-saveLaterUrl'); var message = "We're sorry, but this product is out of stock."; if (saveLaterUrl != undefined && saveLaterUrl != '' && saveLaterUrl != "") { message += " Click " + saveLaterUrl + " to save this for later" } parent.$("#CartMessage").html(message); $(".CartMessage").show(); setTimeout(function () { $(".CartMessage").hide(); }, 10000); }); //product agenda start function LoadAgendaFormView(page) { var pageNo = 1; var ProductId = '237794'; if (page != undefined && page != '' && page != "") { pageNo = page; } var url = GET_PRODUCT_AGENDATAB + '?productId=' + ProductId + '&pageNo=' + pageNo; $('#grid_list_AgendaTab').load(url, function () { $('#divProgress').hide(); }); } $("body").on("click", ".btnAgendaContinue", function () { var pageNo = $(this).attr('data-value'); if (pageNo != undefined) { $('#divProgress').show(); LoadAgendaFormView(pageNo); } }); function CloseAgendamodal() { $.magnificPopup.close(); } $("body").on("change", ".clsOtherItemDates", function () { var url = $('option:selected', this).attr('data-itemurl'); if (url != undefined && url != '' && url != "") { $('#divProgress').show(); window.location.href = url; } }); $("body").on("click", ".btnLoadSpeaker", function () { $(".divLoadSpeaker").show(); $(".btnLoadSpeaker").hide(); }); $("body").on("click", ".clsAgendaDescription", function () { var divId = $(this).attr('data-id'); var agendaFormId = $(this).attr('data-agendaformid'); if ($(divId).css('display') == "none") { $(divId).show('slow'); $(this).find('.agendaSymbol').addClass('fa-minus').removeClass('fa-plus'); $('.clsDescription' + agendaFormId).hide(); } else { $(divId).hide('slow'); $(this).find('.agendaSymbol').addClass('fa-plus').removeClass('fa-minus'); $('.clsDescription' + agendaFormId).show(); } }); // Merge Radio button Group for agenda well class $('body').ready(function () { if ($('#hdnBtnGroup').length > 0 && $('#hdnBtnGroup').val() != undefined) { var strBtnGroup = $('#hdnBtnGroup').val().split(","); $.each(strBtnGroup, function (i) { var combinedHTML = ""; $(".rdb" + strBtnGroup[i]).each(function () { combinedHTML += $(this).html(); }); $(".rdb" + strBtnGroup[i]).not(':first').remove(); $(".rdb" + strBtnGroup[i]).html(combinedHTML); }); } }); function selectActiveTab() { if (locationTab != undefined && Number(locationTab) > 0) //-- #0010380 { $('.clsTabListProdDetails li a[href="#tabLocation"]').trigger('click'); $('html, body').animate({ scrollTop: $(".clsTabListProdDetails").offset().top - 200 }, 1000); } else if ($('.clsTabListProdDetails').find('li.active a').length > 0) { $($('.clsTabListProdDetails').find('li.active a').attr('href')).addClass('active in') } }