CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Webcast

Maximizing QBI

3 Credits: Taxes

$147.00

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Maximizing QBI

Format
Webcast
Course Level
Basic
CPE Credits

3 Credits: Taxes

Course Description

This essential course offers a deep dive into the world of QBI deductions, providing a wealth of benefits for tax professionals seeking to optimize tax savings for their clients. Its comprehensive content covers a wide array of business structures, including S-Corps, Partnerships, LLCs, Sole Proprietorships, Rentals, and trusts, addressing the unique QBI considerations for each.

Participants will benefit from learning specialized QBI strategies related to various aspects of compensation, health insurance, self-rental, related businesses, and multiple income streams. The course also sheds light on handling global income, a crucial factor for businesses with international dealings. Additionally, it offers insights into the best practices for supporting and defending QBI positions, which is particularly valuable in preparing for potential audits. This knowledge is not only instrumental in maximizing QBI deductions but also ensures that tax professionals are well-equipped to provide robust and compliant tax solutions. By the end of this course, participants will have honed their skills in developing effective QBI strategies, ensuring they can deliver substantial tax savings and solid advisory services to their business clients.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Develop skills to maximize QBI for tax issues unique to S-Corps, Partnerships, LLCs, Sole Proprietors, Rentals, and trusts.
  • Learn QBI strategies related to compensation, health insurance, self-rental, related businesses, multiple income streams, global income and more.
  • Identify best practices to support positions taken to maximize QBI and be prepared to defend QBI in an audit.
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Course Specifics

Course ID
WC1822317670
Revision Date
December 19, 2022
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02291-22-O
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1869
CTEC Federal Tax Law Credits: 3

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …