Webinar: Section 199A: Schedule K-1 Reporting by Relevant Pass-Through Entities

WS732  |  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
Your Price: $159.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.