Show navigation

Available in:

OnDemand Course

Restructuring Under Section 199A

Gain an in-depth explanation of IRC Section 199A and identify how it effects the determination of entity choice.

With the changes that have come into play with IRC Section 199A many businesses now struggle with determining the best entity choice. This topic will provide an in-depth explanation of IRC Section 199A and identify how it effects the determination of entity choice. It will explore the positive and negative of Section 199A as it relates to entities that are taxed as sole proprietors, partnerships and S-corporations. It will then compare all three to the new reduced corporate tax. At the end of the material you will have a better understanding of Section 199A.

Learning Objectives

  • You will be able to identify the fundamentals and concept of Section 199A
  • You will be able to identify the Rules of Section 199A to fully understand the restrictions and definitions of the New Code Section
  • You will be able to identify the business' best option under 199A regarding the Corporate Structure
  • You will be able to recognize the Benefits Provided by the New Section of the I.R.C

Runtime: 98 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 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

199A: An Introduction

  • Defining 199A to Understand the Benefits Provided by the New Section of the IRC
  • Reviewing the Rules of Section 199A to Fully Understand the Restrictions and Definitions of the New Code Section

What Is a Business' Best Option Under 199A Regarding the Corporate Structure

  • The Benefits to Each Entity Choice Under Section 199A
  • The Disadvantages to Each Entity Choice Under Section 199A
  • Is It Worth Changing an Entity's Taxation Choice Based Upon the New 199A Statute?

How Can One Maximize the Benefits of Section 199A?

  • The Best Provisions to Include in the Company's Agreement to Maximize the Benefits Under 199A
  • How Can We Change Current Documents to Maximize the Savings Under Section 199A?
  • How Can We Avoid Any Unknown Traps Under Section 199A?
Purchase Options

More Program Information

Why Lorman?

Over 33 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 Course

This course was last revised on April 3, 2020.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
Purchase Options

More Program Information

Why Lorman?

Over 33 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

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]
Purchase Options

More Program Information

Why Lorman?

Over 33 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: 407684
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!