Description 

The Qualified Business Income (QBI) deduction under IRC Section 199A has been one of the most valuable provisions for small business owners, pass-through entities, and their advisors. With the One Big Beautiful Bill (OBBB) updates, practitioners need a fresh and practical understanding of how these changes impact eligibility, calculations, and planning strategies.

This course provides a comprehensive refresher on Internal Revenue Code Section 199A – Qualified Business Income Deduction (QBID). Participants will review the foundational rules, limitations, and recent updates impacting eligibility and calculation of the deduction. Through practical examples and discussion, attendees will strengthen their ability to identify qualifying income, handle specified service trades or businesses (SSTBs), and navigate wage and property limitations. Designed for practitioners who already have a baseline understanding of §199A, this session sharpens knowledge for application in current client situations, including planning strategies and compliance challenges.
This session provides a comprehensive refresher on Section 199A, highlighting the latest updates, practical applications, and compliance requirements under OBBB. Whether you are advising individuals, partnerships, S-corporations, or trusts, this program will help you navigate complexities with confidence.

Key Session Highlights

• Refresher on the fundamentals of IRC 199A Qualified Business Income (QBI) Deduction
• OBBB-related updates affecting QBI eligibility and computation
• Treatment of Specified Service Trades or Businesses (SSTBs) under the revised framework
• Impact of wage and qualified property limitations after OBBB
• Planning strategies to maximize the deduction for clients
• Common pitfalls, IRS guidance, and compliance reminders

Why You Should Attend

• Stay ahead of the curve with the latest OBBB-driven changes to Section 199A
• Gain clarity on complex deduction limitations that often confuse practitioners
• Receive actionable planning tips to better serve your clients
• Refresh your knowledge with practical illustrations and case scenarios
• Ensure you are compliant with IRS expectations while identifying opportunities for tax savings

Don’t miss this opportunity to get a clear, updated perspective on IRC 199A under OBBB and sharpen your tax planning strategies.

Who Should Attend 

• CPAs, EAs, and Tax Preparers
• Financial Planners and Advisors
• Attorneys focusing on tax and business law
• Professionals working with partnerships, S-corps, and small business owners
• Anyone seeking a refresher on Section 199A under the new OBBB rules