Qualified Business Income Deduction: Tax Planning Opportunities and Pitfalls
Credit Hours: 2
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Video
Instructor: Cherie Hennig, Ph.D.
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