Section 199A IRS Final Regulations: Deductions, Limitations, Complexities and Opportunities for Pass-Through Entities
Determining Qualified Business Income, Loss Carryover, Reformation Considerations and More
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide tax counsel, accountants, and other advisers with an in-depth understanding of the IRS' final regulations under Section 199A and the mechanics of calculating and claiming the qualified business income deduction. The panel will discuss the strict rules, requirements, and limitations of IRC Section 199A and provide a roadmap through many of the available planning techniques used to maximize tax savings under this provision.
Outline
- IRS Section 199A final regulations
- Requirements of 199A
- Defining qualified business income and calculating the deduction
- Limitations on certain types of businesses or services
- Phase-in of wages and capital limitations
- How shareholders and members of pass-through entities claim the 199A deduction
- Important tax planning considerations
Benefits
The panel will review these and other key issues:
- IRS final regulations
- Benefits and limitations of the provision
- Understanding the rules and eligibility requirements of claiming the deduction
- Identifying qualified businesses and related income subject to the deduction
- Understanding the limitations on the deduction, including the wage limitation and combined property and wage-base limitation
- Exploring the phase-in of the wage-base and other income or capital limitations
- Entity reorganization options, and avoidance of pitfalls in considering the same
- Tax planning tactics and lesser-known factors to consider
Faculty

Stephen L. (Steve) Phillips
Senior Partner / CFO
Phillips Golden
Mr. Phillips heads the firm's tax practice and has spent his career as a tax, business, and corporate partner in... | Read More
Mr. Phillips heads the firm's tax practice and has spent his career as a tax, business, and corporate partner in large and small boutique law firms and as in-house tax counsel to a Fortune 50 publicly held company. He counsels and advises businesses and individuals with respect to a variety of income, wealth transfer, state, and local taxes. Since 1995, he has been Board Certified in Tax (Tex. Board of Legal Specialization). Of note, he has structured and guided the execution of a multitude of acquisition or divestment transactions, both in the U.S. and abroad.
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Dina A. Wiesen
Managing Director, National Tax Office, Passthroughs
Deloitte
Ms. Wiesen specializes in partnership taxation, specifically the use of partnerships and limited liability companies in... | Read More
Ms. Wiesen specializes in partnership taxation, specifically the use of partnerships and limited liability companies in domestic and cross-border mergers and acquisitions and restructurings. She joined Deloitte Tax LLP’s National Tax Office from Cadwalader, Wickersham & Taft LLP where she was an associate in the Tax Department, focusing on matters relating to the taxation of financial instruments and derivatives.
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