NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Guide to Section §199A and Its Impact on Business Entities
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Online Registration Form

Date: October 18, 2019
Location: Quarry Oaks Golf Course, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
This course will provide in depth coverage of the 20% Section 199A deduction, which dramatically affects the choice of entity decision. We will compare and contrast the tax and non-tax aspects of various entity forms including sole proprietorships, single member LLCs, partnerships, C corporations, Personal Service Corporations, S corporations, and limited liability companies. Planning opportunities and potential pitfalls of each entity type will also be discussed.
Objectives
Upon completion of this course, you will be able to: * Understand the latest rulings of the new Section 199A flow-through deduction. * Determine the obvious and subtle differences in various entities. * Review recent legislation and developments.
Highlights
* Impact of the 2017 Tax Cuts and Jobs Act on flow-through entities. o New Section 199A deduction. o New 20% corporate tax rate * Rediscovering Section 1202 QSBS. * Social Security and Medicare Taxes * Examine the tax and important non-tax aspects of different entities. * Organizational issues. * Special problems of personal service businesses. * Effects of liquidations & dissolutions. * Ramifications of the C to S election and the S to C election. * Recent Code, regulations and case developments.
Who Should Attend
CPAs in public practice and members in industry seeking the latest tax developments and IRS interpretations of the new flow-through entities deduction and its impact on business entities.

Course Level Intermediate
Prerequisites None
Course IDGSBE
Discussion LeaderDouglas Van Der Aa, CPA, Van Der Aa Tax Ed, LLC
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $265 - Society Member
$315 - Society Nonmember
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635 S. 14TH ST. SUITE 330
LINCOLN, NE 68508
(402) 476-8482
(800) 642-6178
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