Checkpoint Learning

Course Detail

The New Qualified Business Income Deduction (QBID)  

CATEGORY: Taxation
COURSE ID: W498T, VERSION 1.00
Webinar
2 CPE Credits
Level: Basic
Please contact a salesperson at 800.431.9025 to buy this course.

Love it or hate it. So nice but so complex!

Probably the most significant part of the Tax Cuts and Job Act (Tax Reform) is a brand-new deduction for small business. Most business owners will get to reduce taxable income by 20% of the net business income from sole proprietorships, partnerships and S corporations. This is huge, and your clients will want to know as much as possible as soon as possible.

But as to be expected it is not simple. There are several limitations and requirements to take advantage of this new opportunity. All of these will be explained at this two-hour webinar with lots of examples to make it perfectly understandable.

For all businesses it will be necessary to reconsider choice of entity in light of the new tax law. Many tax planning opportunities will be examined to enable you to provide the greatest assistance to your clients.

NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-231-1860.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

Please contact a salesperson at 800.431.9025 to buy this course.
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