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Please join us for our next Bucks County CE Study Group Breakfast.
"Qualified Business Income Deduction Under IRC Sec. 199A"
Participants will gain an understanding of the workings of the 20% deduction for certain business income under Internal Revenue Code Sec. 199A known as the "qualified business income" (QBI) deduction, and will e able to assess tax planning opportunities associated with the deduction.
This program will begin by outlining the mechanics of the QBI deduction. This will include identifying which types of entities will be able to utilize the deduction, which types of income will be eligible for the deduction. and what kind of limitations will apply to the amount of the deduction, The review of those mechanics will in itself highlight issues that will allow for planners to identify opportunities and challenges with the deduction. The program will then review certain planning strategies, and look at the comparative economics of the deduction in certain situations.
Our speaker will be Mike Mills, CPA, CFP®, JD, ,with Antheil, Maslow & MacMinn LLP in Doylestown. He has 26 years experience as an attorney and CPA representing closely-held businesses and their owners, with a particular focus on tax planning/comp0liance by reason of his PA license and advanced tax degree.
One hour of CFP® CE Credit pending.