§199A Deduction: How It Impacts 2018 Income Tax Returns

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  • Location
    • Your Computer
  • Credits
    • 4.00
  • Credit Type(s)
    • Taxation (4.00)
  • Prerequisites
    • None

  • Vendor
    • *** ISCPA ***
  • Level
    • Advanced
  • Fields of Study
    • Taxation


This webinar was recorded on 2.13.19 and has not been updated.

You will be required to pass a quiz at the conclusion of this recording in order to receive CPE credit.


OIRA Clears 199A Regs - we'll be going over the final regulations!

For the past several months we’ve had the text of the statute and the proposed regulations.  However, we are hearing the IRS is close to issuing final regulations. Hopefully they will be released within the next couple weeks. 

The filing season is upon us and shortly CPAs will begin the process of preparing actual returns claiming the benefit of the §199A deduction. This program will go over the status of the §199A regulations and other IRS guidance as we enter tax season to prepare participants for preparing 2018 returns containing this deduction. We will consider guidance issued up to the date of the program and apply it to the returns to be prepared in the near future.

Designed For

CPAs and EAs involved in handling tax matters for pass through entities and their equity holders


  • Recognize the types of income that will be treated as qualified business income for §199A
  • Explain the significance of the threshold amounts and why it is so important in computing the deduction
  • Understand the issues raised when attempting to determine if a rental is or is not a trade or business
  • Recognize specified service trades or businesses (SSTBs) and options for working them
  • Compute the applicable W-2 wages or W-2 wages/Unadjusted Basis Immediately After Acquisition (UBIA) of Qualified Property limit
  • Recognize potential issues in your tax software’s computation of the deduction
  • Highlights

  • Discuss the mechanical computations involved with the deduction including
    • Phase-out of SSTB income and phase-in of W2/UBIA limits
    • The taxable income limitation
    • Applying losses from one trade or business to the taxpayer’s other trades or businesses
  • Status of additional guidance that may come during or after tax season
  • Applying the rules to trusts and estates
  • Application of the special rules applicable to those receiving qualified payments from agricultural cooperatives
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    Ed Zollars

    Ed Zollars

    Edward K. Zollars, CPA is in public practice in Phoenix, Arizona as a partner with the firm of Thomas & Zollars & Lynch, Ltd. He has been in practice for over twenty five years, specializing in tax issues for closely held businesses and individuals.

    Ed has been professionally involved with both tax and technology issues, combing the two disciplines in starting the first tax podcast (Ed Zollars Tax Update, produced weekly dealing with current tax issues. He has been a member of AICPA Tax Division Committees dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs.Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010.

    Ed is a co-author of the Arizona Income Tax Guide published by the Phoenix Tax Workshop, and has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid 1990s.

    He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.

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