Compass Tax Educators

The Tax Cuts and Jobs Act added Sec. 199A to the tax code in order to provide a deduction for owners of certain pass-through businesses.  This new deduction, while potentially valuable to business owners, is complicated and has many nuances built into it.  In this class, we will review Sec. 199A in detail with examples of its application to the business owner, along with the tax planning implications of this new deduction.

The learning objectives for this webinar include:

• Explain the key provisions of Section 199A of the Internal Revenue Code.

• Identify the limitations to the Section 199A deduction and to whom they apply.

• Compute the Section 199A deduction for business owners using real-life examples, including for business owners in the phase-out income range.

• Understand how Section 199A impacts other tax planning choices like asset expensing and choice of entity.

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00097-18-S

Delivery Method: Self-study/On-demand

Field of Study: Federal Tax Law (IRS)

Credit hours: 2 IRS

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators.  See below for more information regarding administrative policies, such as complaints or refunds, or contact Sherrill Trovato, EA, USTCP, President of Gregory & Associates, Inc., at 714.777.9359.  There are no prerequisites or advanced preparation required for this webinar.  

IRS Provider Number: NMVBP This webinar has been designed by Gregory & Associates, Inc. to meet the requirements of the IRS Return Preparer Office, including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230.  This does not constitute an endorsement by the IRS RPO.

Webinar Policies, Refunds, Cancellations: Although the registration page remains open until the live webinar program begins, register early to avoid missing the opportunity to obtain CE for this program.  If you sign up after the program begins, you can still participate in the webinar, but you will not receive CE credits.  You must be logged in at the beginning of the webinar, and respond to the polling questions that will appear on your screen during the presentation, to earn the maximum credit hours available on this webinar.  

CE credits are available on the on-demand webinars only by receiving a passing score of 70% on the quiz that is available to you after completion of the on-demand webinar.  The quiz must be completed within 3 months of the date the on-demand webinar is purchased to qualify for CE credit.  Upon completion of the quiz, send an email to [email protected] with your name and PTIN if you wish to have IRS CE credit uploaded on your behalf and your PTIN doesn't appear on the certificate.

Compass Tax Educators provides high quality instruction and content.  There are no refunds for the purchase of on-demand webinars, but if you experience technical difficulties while viewing a webinar, contact us to resolve the issue.

If you have any questions regarding our refund policy, or any other administrative policy, please contact Sherrill Trovato, EA, USTCP at 714.777.9359 or Geri Bowman, CPA, EA, USTCP at 330.628.0415.