Webinar: Section 199A: Schedule K-1 Reporting by Relevant Pass-Through Entities
WS255 | Course | Intermediate | Scheduled
Description
Section 199A is still the hottest tax topic related to the Tax Cuts and Jobs Act of 2017. The Act created new reporting requirements for relevant pass
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
Designed For
Any tax practitioner seeking a better knowledge of the Schedule K-1 reporting requirements related to 199A
Prerequisites
A basic understanding of the 199A deduction
Highlights
- The latest guidance from the IRS provided through regulations or administrative announcements
- Reporting requirements for all relevant pass-through entities
- Reporting for multiple activities within one entity
- Allocating common items among multiple activities
- Section 199A Schedule K-1 reporting for tiered entities
- Calculating and reporting qualified wages and the unadjusted basis immediately after acquisition of qualified property
- Allocating §199A relevant amounts to beneficiaries of trusts using DNI
- Handling separately stated items for which qualified business income status is determined at the shareholder or partner level
- The effects of ownership changes on §199A reporting on Schedule K-1
- Reporting publicly traded partnership income and REIT income to the partners or shareholders
- Reporting aggregated activities
- Allocating §199A amounts to partners when special allocations have been made by the partnership
Objectives
- Understand how to complete the required Schedule K-1 disclosures related to §199A
- Understand how to allocate §199A relevant amounts to shareholders, partners, and trust beneficiaries
- Understand how to calculate the amounts of wages and unadjusted basis immediately after acquisition of qualified property
- Use case studies to reinforce the learning objectives
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $159.00
- Non-Member (Early Bird)
- $159.00
- Member
- $159.00
- Non-Member
- $159.00