Section 199A Deduction: How To Maximize Benefits

The 2017 Tax Cuts and Jobs Act (TCJA) introduced sweeping changes through Section 199A of the IRC (Internal Revenue Code). Individuals, estates, and trusts may now deduct up to 20% of their qualified business income from sole proprietorships and pass-through entities. But like all new tax reforms, this section is also clouded by layers of ambiguity and uncertainty, and may be preventing you from passing on the full benefits to your clients.

In this booklet  Daniel will teaches you all the insider tips, tricks and secrets on new  tax reforms The 2017 Tax Cuts and Jobs Act (TCJA) and will run you through the major changes to the tax code, and also clear the confusion around eligibility, income thresholds, W2 wages, and investment limits. (e-Book size: 8 x 11 format 40 pages).

Many feel that Section 199A deduction calculations are elusive in scope because of the issues with specified service, trade or business, as well as the various combinations of revenue sources. Section 199A 20% deduction for pass-through entities and real estate investors is by far the most complex provision of the TCJA and optimizing it is no child’s play.

For small businesses, the most significant aspect of the Jobs Act is the special 20% deduction for so-called pass-through businesses under new code §199A. This deduction applies to sole proprietors, partnerships and S corporations. Contrary to some of the commentaries on this, one need not be an S corporation to take advantage of this deduction. However, there is a planning opportunity for S corporations, which I discuss later. The deduction is available for all businesses (subject to limitations as discussed below) except regular C corporations. It is intended to provide a tax cut similar to the C corporation rate reductions, which fell from 35% to 21%.

Section 199A Deduction – How To Maximize Benefits includes detailed discussions on: 

• Ways to maximize your clients’ Section 199A deduction
• Know how to properly calculate the  199A or pass-through deductions
• What is a Qualified Business Income (QBI)
• Major updates to the tax code
• Insights on income thresholds and eligibility
• W2 wages and investment limits
• And more..

Daniel J. Pilla has been the nation's leader in taxpayers' rights defense and IRS abuse prevention and cure. Dan has seen every type of tax problem and believes "there is no such thing as a hopeless tax problem." Widely regarded as one of the country's premiere experts in IRS procedures, he has helped countless thousands of citizens solve personal and business tax problems they thought might never be solved.

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