The Pass-Thru Business DeductionCode: 21-PBD

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Course Details

43 Pages

The passthrough business deduction - referred to as the 199A deduction or the deduction for qualified business income - was created by the Tax Cuts and Jobs Act of 2017. The deduction is available for tax years beginning after Dec. 31, 2017, but, will expire in 2026.  

LEARNING OBJECTIVES:

After reading the materials, participants will be able to:

  • Recognize 199A's limited effective time period, it's complex calculation process and the general exclusions, limits, and restrictions applicable to the provision.
  • Determine the 199A deduction amount, the type of W-2 wages used in calculating the wage/capital limit and specify how the limit impacts the amount and availability of the deduction.
  • Identify qualified business income and loss, its basic components and the ability of a taxpayer to aggregate businesses in its determination.
  • Recognize the specified services trade or business exclusion, the listed excluded services and the important exceptions provided by the regulatory de minimis rule. Identify a domestic trade or business.

Presentation Method:  Self-Study

Category:  Taxation  

CPE credit:  2 Hours  

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.   Complaints regarding registered sponsors may be addressed to:  National Registry of CPE Sponsors, 150 Fourth Ave. North, Nashville, TN 37219-2417.  Web site:  www.nasba.org

NASBA Sponsor number 108096












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