Six NEW 199A Cases Studies: Important Steps Advisors Need to Take When Modeling a Client’s Numbers

The Tax Cuts and Jobs Act created new Code Section 199A, which presents advisors with six tricky questions that require detailed quantitative analysis before clients can be properly advised on what to do:

What will a client’s pass-through deduction look like? Is a particular client “better off” being a C Corporation or a pass-through entity? Is a client "better off" staying as an employee or switching to independent contractor status? Should Schedule C business owners switch to S corporation status and pay themselves a salary in order to claim a 199A deduction? Trusts and estates can qualify for the IRC 199A deduction, but how should an advisor compute the amounts apportioned to the trust/estate and the beneficiaries?  How will a contribution to a Qualified Retirement Plan reduce taxable income and how will that impact the IRC 199A deduction?

Join Bob Keebler in his exclusive LISI webinar where he uses the case study
method to demonstrate:

• • How he calculates the 199A pass-through deduction for service and non-services businesses;
  • How he models the complex choice of entity question and whether a client is “better off” being a C Corporation or a pass-through entity;
  • How he counsels clients on whether they should remain as an employee or elect to convert to independent contractor status;
  • How he models whether Schedule C business owners should switch to S corporation status and pay themselves a salary to claim a 199A deduction;
  • How he calculates the 199A deduction when interests in pass-through entities are owned by fiduciaries such as trusts and estates; and
  • How he models making qualified retirement plan contributions that can reduce a client’s taxable income, and how that impacts the IRC 199A deduction.

There will be no CE for this webinar