Join Jackie Meyer, CPA, and AICTC (Certified Tax Coach) of the year, in a festive discussion of the QBI deduction and navigating traps and tricks.  
 
As year two of TCJA reform comes to a close, it's vital to look back on QBI lessons learned and look forward to more advanced strategies. Everyone scrambled to add the QBI deduction in 2018 and try to apply the principals. We will look at common traps tax firms may run into, such as QBI carryover loss limitations, what to do if the K-1 doesn't provide correct information and whether an entity is an SSTB.
 
We will also refocus on tax planning strategies surrounding QBI, like aggregation rules (with case studies), eliminating the phaseouts for high earners, and providing cheat sheets/checklists to streamline your 2020 tax season.
 
Learning objectives:

• A brief review of phaseouts and a detailed QBI flowchart


• Understand common traps and the confusion in 2018 surrounding QBI


• Identify red flags and opportunities in the tax code


• Properly project and maximize the QBI deduction for tax planning