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January 27, 2020
12:00PM - 2:00PM ET


February 10, 2020
12:00PM - 2:00PM ET


Experience with preparing business tax returns and a basic understanding of business deductions

Course Description

The 20% Small Business Deduction and Qualified Business Income Deduction are some of the most confusing aspects of the new tax law. Many questions remain, and practitioners are struggling to incorporate it into their clients' tax plans. This course will cover the new Section 199A Small Business Deduction. This highly practical class will review the statutory framework and how the new deduction impacts small business ventures, professional practices, and real estate investments.


Robert Keebler, CPA, AEP, MST, CGMA

Robert Keebler

Robert S. Keebler, CPA/PFS, AEP (Distinguished), CGMA, MST is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Section. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the IRS in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression.”

Mr. Keebler is the author of over 100 articles and columns and is the editor, author, or co-author of many books and treatises on wealth transfer and taxation. He has been a speaker at national estate planning and tax seminars for over 20 years, including the AICPA’s Estate Planning, High Income, and Advanced Financial Planning Conferences; ABA Conferences; NAPEC Conferences; The Notre Dame Estate Planning Conference; and the Heckerling Estate Planning Institute.

Course Specifics

Jan 8, 2018
Experience with preparing business tax returns and a basic understanding of business deductions

Compliance Information

IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-01456-19-O
IRS Federal Tax Update Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1355
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Cite the tax law behind the 20% Small Business Deduction
  • Understand the math of the small business deduction
  • List the four types of taxpayers
  • Cite implications for nonservice business with over $315,000 of taxable income
  • Cite implications for nonservice business with less than $315,000 of taxable income
  • Identify implications for specified service trade or business with income of $315,000 or less
  • Identify implications for specified service trade or business with income over $415,000 or less
  • Identify what a specified service trade or business is
  • Cite the limitation based on W-2 wages and capital
  • Define planning for income between the phaseout limitations - a critical concept
  • Identify treatment of carryover losses
  • Define the impact of the pass-thru deduction on prior year losses
  • Identify treatment of real estate income
  • Cite the impact of reasonable compensation and guaranteed payments
  • Cite the impact on qualified REIT income
  • Identify the relationship to the net investment income tax
  • Identify changes in the accuracy-related penalty

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