Complete Coverage of 199A Regulations (SMTX59/19)

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Event Description

Lynn Nichols, CPA, host of SCACPA’s Federal Tax Update Podcast and presenter for the South Carolina Tax Team, will bring his expertise to a very special presentation on the 199A Qualified Business Income Deduction – the “QBID”.

On Aug. 8, the IRS released more than 180 pages of proposed regulations covering the new 20% Qualified Business Income Deduction (QBID) under section 199A (part of December’s Tax Cuts and Jobs Act). Proposed regulations are published. A draft Form K-1, for reporting 199A information, was made available on Aug. 20.

Now is the perfect time to learn the rules and get the knowledge you need to answer your clients’ questions about this important tax development.

Discussion Leader

E. Nichols, CPA