On Demand Audio

Introduction to New Passthrough Deduction Under Code § 199A (Update)

(258 reviews)

Produced on December 13, 2018

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Course Information

Time 61 minutes
Difficulty Intermediate
Categories Tax Law

Course Description

As part of the 2017 Tax Cuts and Jobs Act, Congress enacted Section 199A, which provides a 20% deduction for the qualified business income that a taxpayer receives from sole proprietorships, partnerships, and S corporations. The statute has complicated rules relating to what qualifies as qualified business income and what types of businesses are eligible for the deduction. This program, presented by Roberts & Holland attorneys Vivek Chandrasekhar and Aaron Gaynor, walks through these rules and considers potential structures to maximize the benefits of the statute. It also describes the proposed regulations that were released in August 2018, which provided much needed guidance but left certain questions unanswered.


Learning Objectives:

  1. Gain a comprehensive overview of deductions on qualified business income
  2. Explore potential structures to maximize the benefits of the statute
  3. Review examples explaining how the deduction will be applied
  4. Discuss what might change under the newly released proposed regulations

Credit Information

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Faculty

Vivek Chandrasekhar

Roberts and Holland LLP

VIVEK A. CHANDRASEKHAR received his B.A. with highest honors from Indiana University in 2006, and his J.D. magna cum laude from New York University in 2011, where he received the Order of the Coif and was a Managing Editor of the Law Review. From 2012-2013, he was a law clerk to the Honorable Rosemary S. Pooler, United States Court of Appeals for the Second Circuit.



Aaron S. Gaynor

Roberts and Holland LLP

Aaron S. Gaynor joined the firm in 2013. He received his LL.M. in Taxation from NYU School of Law (2013); J.D. from Benjamin N. Cardozo School of Law (2012); and B.A., cum laude, in Economics from Brandeis University (2007). Aaron was articles editor of the Cardozo Arts & Entertainment Law Journal.



Reviews

KM
Kenton E. M.

Excellent

DC
Daniel C.

This is a dense issue with lots of rules. I consider this a strong introduction.

SB
Shana B.

Very technical and great detail I loved it

AC
Alison C.

Effective, lively explanation of complicated provision.

DR
Donald R.

very informative

KH
Kimberly H.

Great presentation!

JL
John L.

Both very effective instructors!

CB
Carey B.

Thank you.

SD
Shena D.

Excellent presenters...simply excellent.

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