2019 Tax Season Update

§199A Final Regulations Finally Drop
IRS Throws Down the Gauntlet
Choices, Choices — Which Way to Go?

Written and Instructed by Bradley Burnett, J.D., LL.M. (Taxation)

(8 hour course)

At long last, the (300 page) Final §199A Regs have dropped. What does it mean for 2018 tax returns? Everything. IRS and Treasury have thrown down a critical choice at our feet: Choose to apply (to 2018 returns) the 08/16/18 proposed regs or 01/18/19 final regs. And the choice is all or nothing. Which to choose? Take our all-new course (and learn which to choose).

You’ll learn:

•  Is rental real estate a §199A business or not? New blood on the tracks
• Optional aggregation (of businesses) to pump up QBI deduction
• Aggregation now available at entity (partnership) level – Whoa, Nelly!
• Deck reshuffled on definition of SSTB
• Specifics on how to distinguish and allocate between businesses
• Differences between proposed and final regs:  The breakdown
• Effective date(s) of the final regs (choices, choices, choices, choices)

Tackle tax season without knowing the difference between the two?  No way.

Let Bradley Burnett save you an untold bundle of time. He’ll knock the key to tax season down for you.

Beyond §199A, many, many other critically important new developments have popped since our recent CPE session.  Our February 2019 Tax Season Update will bring you up to date to face the most challenging tax season of our careers.