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IRC section 199A Qualified Business Income Deduction (QBID) - San Diego-North County Meeting 11.15.18
Twin Oaks Golf Club
1425 N. Twin Oaks Valley Road
San Marcos, CA 92069
Thursday, November 15, 2018, 5:30 PM - 8:45 PM PDT
Category: Chapter Meetings

IRC section 199A Qualified Business Income Deduction (QBID)
North County San Diego Chapter Dinner Meeting


November 15, 2018
5:30 PM to 8:45 PM


Twin Oaks Golf Course
1425 N. Twin Oaks Valley Rd.

San Marcos, CA 92069


The Tax Cuts and Jobs Act (TCJA) was signed into law 12-22-17. The IRC section 199A Qualified Business Income Deduction (QBID) was a new and very complicated IRC provision included in TCJA. The application of this new 20% QBID is potentially very far reaching for all Form 1040 filers including those with Schedules C, E, F and pass-through entities including partnership, trust and S-corporation. The IRS released proposed regulations on August 8, 2018 consisting of 184 pages and over80 examples. On October 16, 2018 IRS held public hearings on 199A QBID with witnesses calling for clarifications and interpretations regarding various aspects of the rules when they are made final which is expected to be before the 2019 tax filing season. In this brief two-hour interactive presentation, we will immerse ourselves with IRC199A, becoming more fluent with how QBID works, who it applies to and the multitude of planning opportunities for taxpayers and tax practitioners.

Presenters: Miles Lawrence, EA

Brief Biography: Miles Lawrence is an EA and practicing California attorney located in Carlsbad. His tax practice, Lawrence Tax Service (LTS), was established by his late father in 1973. Miles now operates LTS along with three associate partners. As President of the CSEA Palomar Chapter, he lectures annually on tax law update changes including the upcoming 2019 IRS-CSEA Practitioner Seminar in Escondido 1-16-19. In addition, he serves as President for the San Diego Attorney Chapter of the Christian Legal Society.

CPE Information:

2 Federal Update Hours
IRS: 18QC1-U-01083-18-I
CTEC: 1000-CE-4461

Knowledge Level:  Intermediate


Member: $40
Non-Member/ late registration: $50

Last day to register: 11/13/18


Send an email to [email protected].

Call (760) 931-1925 if you have any questions.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.

Contact: Send an email to [email protected] or call (760) 931-1925