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Live Webinar

100-minute live streaming program
  • December 16
  • 1:00 - 2:40 pm EST

Restructuring Under Section 199A

December 16

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

With the changes that have come into play with I.R.C. Section 199A many businesses now struggle with determining the best entity choice. This topic will provide an in-depth explanation of I.R.C. 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 define what is a qualified business and what is qualified business income.
  • You will be able to describe the phase-out limitations and business for Section 199A.
  • You will be able to discuss the pros and cons of each entity as it relates to Section 199A.
  • You will be able to explain Section 199A and its applicable restrictions.

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Why Lorman?

Over 32 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 I.R.C.
  • 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?
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More Program Information

Why Lorman?

Over 32 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

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).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • 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 general accounting. 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.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, presidents, vice presidents, accounts payable professionals and bookkeepers, and enrolled agents.

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Why Lorman?

Over 32 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]
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Why Lorman?

Over 32 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.

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Product ID: 406715
Published 2019
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