Qualified Business Income Deduction: Tax Planning Opportunities and Pitfalls

SKU: CPE-06-166
Credit Hours: 2
Level: Intermediate
Category: Taxes
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Video
Instructor: Cherie Hennig, Ph.D.

Course Description:
This 2 hour course discusses the impact of the new tax law on partnerships, S corporations, Trusts and Unincorporated businesses including a detailed explanation of the new Qualified Business Income (QBI) Deduction, available only to unincorporated businesses.

This course will cover the following topics:

Definition of a Qualified Business
Businesses included
Businesses excluded
Limitations on the Qualified Business Income Deduction
Reporting requirements for pass-through entities
Lower tax rate from QBI deduction v. lower corporate tax rate