Section 199A Deduction of Qualified Business Income: Guide to Applying IRS Final Regulations & Revenue Procedures Webinar
Overview
Section 199A continues to provide a valuable deduction for owners of pass-through businesses, but applying the rules can still be challenging. With Section 199A now made permanent under the Tax Act of 2025, tax professionals need to stay current on the latest guidance, reporting requirements, and planning opportunities. In this practical refresher, our expert will:
- Review the key rules for computing the Qualified Business Income (QBI) deduction
- Go over Revenue Procedure 2019-38 and Forms 8995 and 8995-A
- Highlight recent legislative updates and IRS guidance
- Explain rental real estate safe harbor requirements
- Cover W-2 wage, qualified property (UBIA), aggregation, and SSTB rules
- Discuss reporting requirements and practical planning considerations
This course qualifies for IRS Continuing Education Credit.
Objective
To provide accountants and tax professionals with an update and refresher on the Section 199A Qualified Business Income deduction, including recent legislative changes, IRS guidance, calculation rules, and reporting requirements.
Emphasis
- Section 199A overview and Tax Act of 2025 updates
- Revenue Procedure 2019-38 rental real estate safe harbor
- Final Section 199A regulations
- QBI deduction computations and taxable income limitations
- Forms 8995 and 8995-A
- W-2 wages and qualified property (UBIA)
- Qualified REIT dividends and publicly traded partnership income
- Aggregation rules and reporting requirements
- Specified Service Trades or Businesses (SSTBs)
- Pass-through entity, trust, and estate reporting
- Practical examples, planning strategies, and common pitfalls
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