161 | In Person Training | Intermediate | Scheduled
Understanding Section 199A: The 20 Percent Deduction for Pass-Through Entity Owners and Investors in Real Estate
Wednesday, February 13, 2019 8:30am - 12:00pm
Just updated! By far the most complex provision of the Tax Cuts and Jobs Act is the Section 199A 20% deduction for pass-through entity owners and real estate investors. To effectively prepare 2018 tax returns, CPAs must know how Section 199A works in detail so their clients can take advantage of the tremendous opportunities this provision offers. On January 18, 2019, the IRS released hundreds of pages of final regulations on this topic, providing long-awaited guidance and clarification. This program will equip practitioners with the knowledge to help clients implement Section 199A and maximize the 20% deduction, in light of this final IRS guidance.
This course is also being Simulcast!
- Understand the new final regulations as they apply to a rental activity treated as a trade or business.
- Understand the important changes to the Sec. 199A rules that the final regulations have made.
- Pamela J. Davis-Vaughn (view bio)
Any tax practitioner wishing to understand and apply the 199A deduction
Email firstname.lastname@example.org with your CFP® ID if you also need CFP® credit.
- How to calculate the Section 199A deduction
- Definitions that apply for purposes of the Section 199A deduction
- When is a rental activity a trade or business?
- Sec. 199A rules for owners of pass-through entities
- Requirements for aggregation of separate trades or businesses
- New insights into the definition of a specified service trade or business
Pamela J. Davis-Vaughn
Pamela J. Davis-Vaughn, CPA, is a general practitioner providing accounting, tax, and consulting services to clients across the United States from her office in Painted Post, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech; and has been a highly rated speaker at the Controller's Roundtable, a sponsored event for controllers of automobile dealerships in Texas.
In addition to her accounting practice, Pam and her husband, Darryl, are owners of One Main Place Farms, an organic farming operation located in upstate New York. Pam has over 25 years of experience in both public and private accounting sectors. Her public experience ranges from a Big Four firm where she assisted several Fortune 500 companies in restructuring their operations to provide state income and franchise tax savings, participated on the mergers and acquisitions team, and served as the Southwest Area Employment Tax practice leader to providing tax consulting services for closely held businesses of a 16-partner, 100-staff Dallas CPA firm. Her experience in the private sector as CFO of a Dallas based manufacturer servicing the telecom industry and Tax and Accounting Manager of a large independent oil and gas company provides her with significant insight into the challenges faced by those practicing in industry.
Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University. She holds a license to practice in Kansas, Texas, and New York.