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TCJA Intro to Optimizing QBID: Insight and Planning - Video CourseCode: 20-OPTQBID
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2 Hr Video Self-Study
This course takes a comprehensive, deep dive into the ground rules of QBID. We'll cover tax planning strategies to maximize the §199A 20% QBID.
We'll cover in depth:
· Planning for LLCs and their members.
o How to maximize the QBID for LLCs.
o How to avoid getting stung by guaranteed payments.· The two most important rules of §199A that we all need to be familiar with.
· How to minimize taxes on the sale of a business by utilizing the QBID.
· Tax planning for QBID "cliffs", how to give optimal advice to your clients.
· How carryovers (passive, basis limitation, etc.) have a special treatment under §199A.
· QBID planning for estates and trusts.
· Hot off the presses: New Tax Forms for the QBID.
· Penalty changes for clients who take the QBID, how should you reduce the possibility of client penalties and preparer penalties?
Attendees will be able to:
1. Identify methods to increase the QBID for LLCs and their members.
2. Identify methods to reduce tax on the sale of a business using the QBID.
3. Reduce the risk of penalties (both for clients and preparers).
4. Apply the best method to advise clients who are in the "phase out" range.
Presentation Method: QAS Self-Study
CPE credit: 2 Hours
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
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