During this on-demand course, CPA Greg White, an authority on §199A, will dive deep into specified service trades or businesses (“SSTBs”). He’ll cover tax planning strategies to maximize the Qualified Business Income Deduction (QBID) ushered in by passage of the TCJA.
What's covered?
- The most important rule in the area of SSTBs.
- Detailed definitions – what’s included in each of the SSTB categories.
- And just as importantly – what’s excluded from SSTB categorization?
- Tax planning for SSTB clients.
- How to treat businesses that have some SSTB income and some non-SSTB income.
- Examples include pharmacies, landscape companies, etc.
- How do “self-rentals” to a commonly controlled SSTB work?
- What happens when an owner of the real estate doesn’t own an interest in the SSTB?
Course Publication Date:
October 17, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or
webinar membership or can be purchased for
$20.00!
| Author: | Greg White |
| Course No: | TAX-199ASSTB-14109 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Recognize the significance of having SSTB income.
- Identify the businesses that are SSTB’s.
- Recognize businesses that are not SSTB’s.
- Apply the concept of “recharacterization” to rental income arising from a self-rental to an SSTB under common control.
- Identify the estimated costs of lost QBID due to the SSTB rule.