Webcast
Basic
CPE Credits
3 Credits: Taxes
Course Description
Maximizing QBI, Section 199A, deductions calls for strong skills related to specific business criteria and business components. Planning, structuring and strategizing for different types of business entities; S-corps, Partnerships, Sole Proprietorships and some trusts, plus rentals, multiple entities, multiple income streams, global income, working within existing limitations of some businesses and carryover losses can offer substantial tax savings for our business clients. Evaluating and comparing options for reporting shareholder, partner, sole proprietor and spousal compensation and benefits such as health insurance and retirement plans plays an important role in maximizing QBI. Plus, what’s ahead for QBI audits, after setting your clients up for QBI success be prepared to defend the positions taken in the event of an audit.
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.
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
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
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.
Course Instructor
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 …
Maximizing QBI
$147.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
Webcast
Basic
CPE Credits
3 Credits: Taxes
Course Description
Maximizing QBI, Section 199A, deductions calls for strong skills related to specific business criteria and business components. Planning, structuring and strategizing for different types of business entities; S-corps, Partnerships, Sole Proprietorships and some trusts, plus rentals, multiple entities, multiple income streams, global income, working within existing limitations of some businesses and carryover losses can offer substantial tax savings for our business clients. Evaluating and comparing options for reporting shareholder, partner, sole proprietor and spousal compensation and benefits such as health insurance and retirement plans plays an important role in maximizing QBI. Plus, what’s ahead for QBI audits, after setting your clients up for QBI success be prepared to defend the positions taken in the event of an audit.
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.
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
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
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.
Course Instructor
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 …
Maximizing QBI
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$147.00