Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax Law Updates (IRS)
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG
DISCLAIMER: THIS SEMINAR WAS FILMED IN CHICAGO, ILLINOIS, ON JULY 24, 2019, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Small Business Self Employed Division presented this seminar at the 2019 IRS Nationwide Tax Forum.
This presentation will provide an update on two key provisions of the Tax Cuts and Jobs Act; the qualified business income deduction and opportunity zones. This session will share updated guidance regarding the qualified business income deduction and opportunity zones as it applies to investors in opportunity funds.
By the end of this presentation, you will be able to:
• Describe the Qualified Business Income deduction
• Calculate the deduction for QBI
• Restate how to identify Opportunity Zones
• Describe the Tax Benefits of Opportunity Zones
• Define a QOF (Qualified Opportunity Fund)
No prerequisites or advanced preparation are required for this seminar.