Understanding the 199A Deduction After the New Final Regulations: An IRS Perspective

April 16, 2019 at 12:00pm2:30pm
ALI-CLE National

Why You Should Attend

The Treasury and the IRS issued detailed proposed regulations on Section 199A last fall and recently issued final regulations. Section 199A, as enacted in the Tax Cuts and Jobs Act of 2017, allows a 20% deduction from a taxpayer’s (non-C corporation) ordinary income from certain qualified trades or businesses. And because the earlier regulations may be relied upon for filing 2018 returns, tax and business advisors need to be familiar with both sets of regulations and the important differences between them.

What You Will Learn

This comprehensive video webcast features a give-and-take discussion as Jerald D. August of Fox Rothschild LLP addresses a variety of key issues relating to the 199A deduction and Wendy L. Kribell, Senior Counsel for the IRS’s Office of Chief Counsel, provides her perspective on the policy goals and objectives of the 199A regulations and related guidance, as well as the areas that still need to be addressed.

Join us to explore the following under 199A:

Who are the “winners” and “losers” under 199A?

What is a qualified trade or business?

How to determine whether a taxpayer is engaged in one or more than one trade or business

The treatment of rental real estate

Impact of 199A on trusts and estates engaged in or holding interests in partnerships or S corporation engaged in a qualified trade or business

Treatment of foreign source income and net capital gains

Prospects for the continuation of 199A after 2025

Attend this video webcast for an inside look at Section 199A and practical guidance on how to apply it this year and beyond.

All registrants will receive a set of downloadable course materials to accompany the program.