S Corporations Part 3: Maximizing the §199A QBID and Other Planning Insights
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Join expert Greg White, CPA, as he takes a deep dive into maximizing the QBID for S corporations. Greg will cover how to restructure intercompany debt to provide shareholders with more basis. Lastly, a discussion on how to decide whether shareholders should provide funds through loans or contributions.
Publication Date: June 2023
Designed For
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Topics Covered
- Section 199A special considerations for S corporations
- Restructuring intercompany debt to increase shareholder basis
- Transferring funds to an S corporation: Are loans better than capital contributions?
- Reimbursing Employee Home Office Expenses
Learning Objectives
- Recognize how to to maximize the Section 199A deduction for clients in the context of S corporations
- Identify methods to restructure intercompany debt to provide basis to shareholders
- Identify the case related to the incorporated pocketbook
- Identify the percent of taxpayers taking QBID that are "hamburgers"
- Identify the phase-in range for single taxpayers
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
