Tax Cuts and Jobs Act (TCJA) Update: Qualified Business Income Deduction
Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax Law Update (IRS)
Seminar Level: Beginner
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
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DISCLAIMER: THIS WEBINAR WAS RECORDED ON August 12, 2020, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
This presentation will provide an update on the Qualified Business Income Deduction, a key provision of the Tax Cuts and Jobs Act (TCJA), as a result of additional guidance received since the passage of TCJA in December of 2017.
By the end of this presentation you will be able to:
- Identify components needed to calculate QBID
- Explain the QBID calculation
- List the Acronyms used in QBID
- Cite the deductions considered for QBI
- Identify the form used to claim QBI
No prerequisites or advanced preparation are required for this seminar.
Continuing education credit is available for this seminar. If you would like to earn credit for a seminar, you must have an account with the IRS Nationwide Tax Forums Online and purchase the seminar. You can purchase seminars one at a time or as a group. After completing the purchase through PayPal, you will be returned to your status page on www.irstaxforumsonline.com.
NOTE: You have one calendar year from the date of purchase to complete the seminar.
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