Restructuring Under Section 199A
1 hour 40 minutes
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 material 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 this topic you will have a better understanding of Section 199A.
• 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.