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TAX2012

TAX2012. Choice of Entity Considering the QBI Deduction

Date

July 24, 2020

$49

Standard Price

This product is also available as part of the following products:

Thumbnail for Advanced Estate Planning (as part of ENGAGE 2020)

Advanced Estate Planning (as part of ENGAGE 2020)

This includes sessions from the conference: Advanced Estate Planning (as part of ENGAGE 2020)

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ENGAGE 2020

This includes sessions from ENGAGE 2020:

Thumbnail for Tax Strategies for the High-Income Individual (as part of ENGAGE 2020)

Tax Strategies for the High-Income Individual (as part of ENGAGE 2020)

This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of ENGAGE 2020)

This session considers if and when Covid-19 legislation and the QBI deduction have changed our thinking on the choice of entity. This year’s Covid-19 legislation aimed to provide tax relief to businesses suffering from Covid’s stay-in-place orders. The legislation did not change Section 199A and its QBI deduction, but economic disruption may add a complication to our choice of entity considerations.

What factors are important for a new business when choosing its entity structure, and when is it advantageous for the client to make a change? Considering Covid-19: Will there be any qualified business income in 2020? Will it be important to protect the loss flow through to the individual owner’s return? Will there be wages paid to meet QBI's W-2 limits? Will the business be able to buy equipment to help with its QBIA calculation?

Learning Objectives

How does Covid-19 legislation impact our choice of entity decision?
What factors are important for a new business when choosing its entity structure?
When is it advantageous for the client to make a change?

Speaker

Sharon L. Kreider, CPA

Owner, KREIDERCPA

General

TAX | EST | Business | Investments and Wealth Institute CE | CFP | EA | The Main Event Jul 20-24

Tracks

The Main Event Jul 20-24

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