Presidents Day Sale - Save 20% on Any Course or $200 Off the All-Access Pass with Discount Code: PRESIDENT now until 2/21/2018.
Show navigation

Live Webinar

100-minute live streaming program
  • February 21
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Pass Through Entities Tax Risks

February 21

Navigate through the evolving tax treatment of pass through entities and understand the framework of Section 199A deductions post tax reform.

This topic will help you understand the framework of the recently enacted Section 199A deduction and considerations essential to effectively advise your clients. Section 199A allows qualifying taxpayers to deduct up to 20% of 'qualified business income.' The new provision offers substantial opportunities for tax savings as well as significant complexity and uncertainty in its application. This information will explain the deduction and its limits and explore planning strategies, cautions, and the gray areas that planners face.

Learning Objectives

- You will be able to discuss the impact of Section 199A on different taxpayers and types of income.

- You will be able to describe how the new law affects your clients.

- You will be able to identify planning opportunities to take advantage of the benefits of Section 199A.

- You will be able to recognize areas of caution and uncertainty under the new law.

Purchase Options
Can't Attend?

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The New Section 199A "Qualified Business Income" Deduction
  • Overview
  • Calculation
Understanding Key Terms
  • Qualified Business Income
  • Qualified Trade or Business
  • Taxable Income
  • W-2 Wages
  • Qualified Property
  • Specified Service Trade or Business
Applicability
  • Taxpayers Other Than Corporations
  • Application to Partnerships and S Corporations
  • Application to Trusts and Estates
  • Does Not Apply to Tax Years Beginning After December 31, 2025
Limitations
  • Threshold Amount
  • Specified Service Trades and Businesses
  • Wages and Qualified Property
Planning Considerations and Cautions
  • So What Companies Benefit?
  • What Changes Should Be Contemplated?
  • Unanswered Questions
Purchase Options
Can't Attend?

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CFP 2.0
     
  • The Certified Financial Planner Board of Standards, Inc. has granted 2.0 hours of continuing education credit. Level of Knowledge: Intermediate.
     
  • AL CLE 1.7
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.7 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CO CLE 2.0
     
  • This program may qualify for 2.0 credit hours through the Colorado Supreme Court Board of Continuing Legal and Judicial Education through reciprocity. This course is accredited in other jurisdictions such as New Jersey. To receive CLE credit for this program, a home study affidavit must be submitted to the Supreme Court Board of Continuing Legal and Judicial Education.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.7
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.7 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.7 (Pending)
     
  • This program has been submitted to the Mississippi Commission on Continuing Legal Education. Approval pending.
     
  • MT CLE 1.75
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.75 CLE credits.
     
  • NH MCLE 1.7
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • NY CLE 2.0 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 2.0 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.67
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.67 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of Law & Legal Procedure credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 2.0 hours of continuing professional education.
     

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, attorneys, CEOs, presidents, vice presidents, CFOs, controllers, financial planners, business owners, bookkeepers and tax preparers.

Purchase Options
Can't Attend?

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

No photo available

Cullen I. Boggus

Holton & Mayberry, P.C.

  • Associate at Holton & Mayberry, P.C.
  • Practice emphasizes Trusts and Estates, Asset Protection, and Tax planning for Ultra-High-Net-Worth clients
  • Conducts presentations in the area of Trusts and Estates law
  • J.D. degree, University of Florida; LL.M. degree, University of Florida
  • Member ABA Real Property, Trust, and Estate Law Section; Nashville Estate Planning Council
  • Can be contacted at 615-957-1656 or [email protected]
Michael S. Goode, J.D., LL.M.

Michael S. Goode, J.D., LL.M.

Stites & Harbison, PLLC

  • Counsel at Stites & Harbison, PLLC, a law firm with offices throughout the Southeast United States
  • Focuses on tax, business, estate planning and international law
  • Chair of the tax section of the Tennessee Bar; vice-chair of the estate planning section of the Tennessee Bar and member of the Atlanta International Tax Study Group
  • Has written and taught CLEs on Series LLCs, as well as on many other tax and corporate issues
  • Has formed many Series LLC entities and has helped real estate attorneys with deed issues with Series LLCs
  • In addition to Series LLCs, he has practiced in a variety of tax, corporate and estate planning areas, from writing new pension legislation under state law for a large county school district, to reviewing and creating new tax provisions for large merger and acquisition transactions, to serving as the business attorney for a mid-sized Asian company purchasing its first United States factory, to assisting a European executive with his foreign account reporting issues and negotiations with the IRS
  • LL.M. degree in taxation, New York University; J.D. degree, William and Mary
  • Can be contacted at 404-680-6295 or [email protected]
Hannah Smith

Hannah Smith

Sherrard Roe Voigt & Harbison, PLC

  • Attorney in the taxation group at Sherrard Roe Voigt & Harbison, PLC
  • Practice concentrates on tax, estate, and business planning
  • Advises individuals and businesses with respect to tax issues as well as business succession and compensation planning
  • J.D. degree, Vanderbilt University Law School; LL.M. degree in taxation, University of Florida Levin College of Law
  • Can be contacted at 615-742-4200 or [email protected]
Purchase Options
Can't Attend?

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 401911
Published 2017, 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!