Description
EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS.
The Tax Cuts and Jobs Act of 2017 (TCJA) affects the tax planning and income tax liability for many taxpayers. Among those for whom the TCJA will have a more significant effect are business owners of pass-through trades or businesses who may be eligible for the TCJA’s pass-through deduction. This course will examine the pass-through deduction authorized under § 199A of the TCJA.
Learning Objectives
Upon completion of this course, you should be able to:
• Explain how to compute the § 199A deduction for pass-through business owners whose taxable income is:
o Not in excess of the applicable threshold,
o In excess of the applicable threshold but not in excess of the sum of the threshold and phase-in range, and
o In excess of the sum of the applicable threshold and phase-in range;
• Determine W-2 wages and the unadjusted basis of qualified property immediately after its acquisition (UBIA);
• Define qualified business income (QBI), qualified REIT dividends and qualified publicly traded partnership (PTP) income and the special rules applicable to them;
• Recognize the aggregation rules applicable to the § 199A deduction; and
• Identify the trades or businesses considered specified service trades or businesses (SSTBs) that may be ineligible for the pass-through deduction.
To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. Clicking on the Certificate link will show the course as 100% Complete
A course evaluation form is provided for your feedback and participants have 1 year from the date of purchase/enrollment to complete this course. .
Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/
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