Lorman offers professional resources regarding COVID-19 and remote working best practices.  Learn more

Show navigation

Slide Deck

52 Slides available anytime
  • 52 Slides

Rental Real Estate Safe Harbor Compliance for Section 199A

 

Gain an understanding on limitations for rental real estate businesses and how practitioners can assist their clients in structuring their operations to fit within the safe harbor.

In 2017, Congress passed a sweeping tax reform package, which included a major provision for owners of small businesses. This provision, located in Section 199A of the code, provides for a 20% deduction for owners of many small flow-through tax entities, such as S Corporations and partnerships. However, the provision contains certain limitations, and in particular restricts the deduction for businesses engaged in passive activities, which includes rental real estate businesses. This topic will address this limitation for rental real estate businesses, and will focus specifically on how practitioners can assist their clients in structuring their operations to fit within the safe harbor provisions issued by the IRS in Revenue Procedure 2019-38 to ensure that the business owners will qualify for the Section 199A deduction.

View Slides

More Program Information

Rental Real Estate Safe Harbor Compliance for Section 199A

Agenda

View Slides

More Program Information

Rental Real Estate Safe Harbor Compliance for Section 199A

Faculty

Robb A. Longman, Esq.

Robb A. Longman, Esq.

Longman & Van Grack, LLC

  • Managing member of Longman & Van Grack, LLC, a Bethesda, Maryland law firm
  • Practices in the area of tax controversy and planning, business representation and estate planning
  • Represents his clients before the U.S. Tax Court, Maryland Tax Court, Internal Revenue Service and state taxing agencies; in addition, he assists his clients in structuring business deals and estate planning
  • Regular speaker for the American Bar Association, Tax Section on several issues such as structuring the sale of business, Section 199A and ethics
  • Written numerous articles for the Practical Tax Lawyer and other ABA publications
  • Currently the secretary of the American Bar Association’s tax section and has been the chair of the Maryland State Bar Association’s tax section
  • Can be contacted at 240-324-7705 or [email protected]
J. Robert Turnipseed, Esq.

J. Robert Turnipseed, Esq.

Armbrecht Jackson LLP

  • Partner at Armbrecht Jackson LLP in Mobile, Alabama
  • Practice focuses on representation of small businesses, for both tax planning and representation before the IRS and state and local tax authorities
  • Current council director of the American Bar Association Tax Section and former chair of Closely Held Business Committee
  • Current chair, Alabama State Bar Tax Section
  • Fellow, American College of Tax Counsel and American Bar Association
  • Participated as speaker and/or panel participant on numerous local and national seminars on various tax topics, including Section 199A, Buy-Sell Agreements, Tax Traps for Related Party Transactions, and others
View Slides

More Program Information

Rental Real Estate Safe Harbor Compliance for Section 199A

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

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.