Sec. 199A Cutting Edge Tax Strategies for Specified Service Trades or Businesses (SSTBs) (Completed)

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Sec. 199A Cutting Edge Tax Strategies for Doctors, Lawyers, and other Specified Service Trades or Businesses We’ll take a comprehensive, deep dive into specified service trades or businesses (“SSTBs”). Join expert, Greg White, CPA, as he takes an in depth look into SSTBs.

Who Should Attend
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.

Topics 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 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?

Learning Objectives

• Identify different types of SSTBs
• Identify tax planning strategies for taxpayers with SSTB income
• Recognize and apply the "self-rental rule" in the case of rentals to SSTBs
• Recognize and apply strategies to increase the §199A deduction for businesses that have SSTB income and non-SSTB income
• Identify the limitation on Section 199A deduction is for taxable income exceeds the threshold amount

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None