The Do’s and Don’ts of 199A Planning promises to be our most insightful 199A class yet. Unlike the traditional code and regs approach, Bob will examine  specific issues and strategies from a hard hitting and practical approach.   In this exclusive LISI webinar, Bob willl review SSTBs, aggregation, real estate trades and business issues, interest deductions, and many other issues focusing on successful strategies (i.e. the do’s) and traps for the unwary (i.e. the don’ts). Below is a list of some of the issues Bob will cover in this fast paced practical class:

 The Do’s:

·       Do aggregate “vanished” and “fading” assets for the 2.5% test

·       Use DB and DC plans to reduce taxable income below the threshold limitation

·       Spin out non-SSTBs from SSTBs

·       Reduce debt on non-SSTBs to increase QBI

·       Increase debt on SSTBs to reduce QBI

·       Use S-Corps when income exceeds the threshold limitation

·       Do determine the proper wage payments to meet the 50% wage test

·       Use Sub-K entities when income is below the threshold limitation

·       Use gifts to spread income across family members

·       Use trusts to spread income across a family

·       Run present values on cost segregation studies  (i.e. compare the lower 199A deduction to the PV of the upfront deduction)

·       Use bonus depreciation and Section 179 to reduce income to slightly below the threshold limitation

·       File separate tax returns for spouses when disqualified by the SSTB limitation 

The Don’ts 

·      Aggregate “wage” and “capital” entities

·      Deleverage SSTBs

·      Don’t spin out real estate SSTBs

·      Use Sub-K entities when income exceeds $315,000

·      Don’t use guaranteed payments

·      Over inflate salaries above the 50% limitation

·      Allow clients to die when holding low basis real estate in a Sub-K entity (i.e. the deathtime 754 trap for the unwary)

·      Allow clients to purchase a low inside basis Sub-K entity (i.e. the lifetime 754 trap)

·      Violate the Section 643(f) and Section 199A multiple trust rule

·      Don’t use bonus and Section 199A in year one only to be above the threshold and unable to claim a 199A deduction in later years

·      Do use cost segregation studies if losses will be suspended under basis, at risk, passive loss or the new 461(l) rules

·      Allow clients to use triple net leases when possible

There will be no CE for this webinar


For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.

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