Attention:

Tax Practice Essentials: A Practical Approach to Section 199A


Level: Intermediate
Runtime: 93 minutes
Recorded Date: January 15, 2020
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Agenda


  • Flow-Through Trade or Business
  • Qualified Business Income
  • Wage and UBIA Limitations
  • Phase-in Amounts
  • Specified Service Trade or Business (SSTB)
  • Multiple Trades or Business and Aggregation
Runtime: 1 hour, 33 minutes
Recorded: January 15, 2020

Description

Over 90% of businesses in the US are organized as flow-through entities, making the 20% deduction for qualified business income under section 199A one of the most significant deductions in the Code. Take this program for a step-by-step approach to determine whether the 20% deduction under section 199A applies to a given business. Panelists will also discuss potential pitfalls and strategies to optimize the 20% deduction.

This program was recorded on January 15th, 2020.

Provided By

American Bar Association

Panelists

J. Robert Turnispeed

Partner
Armbrecht Jackson LLP

Robert joined the firm as a partner in 2011. Robert is a 1993 graduate of Auburn University, where he received a Bachelor of Arts degree in English, with a concentration in Technical and Professional Communication. He received his law degree in 1996 from the Cumberland School of Law at Samford University, and thereafter received an L.L.M. in Taxation from the University of Alabama School of Law, graduating with High Honors. He served as a law clerk for Justice Reneau Almon of the Alabama Supreme Court in 1996, and has been in private practice since 1997. Robert's practice focuses primarily in the areas of trusts and estates, business succession planning, business transactions, mergers and acquisitions, bankruptcy, tax planning and probate. He currently serves as Council Director for the Section of Taxation for the American Bar Association (“ABA”), having been appointed the position in 2019. He is also the Past Chair for the Closely Held Business Committee of the ABA Section of Taxation, and has been a speaker or panel participant both locally and nationally on a variety of tax and business planning topics. Robert also currently serves as Vice Chair for the Alabama State Bar Association Tax Section. Robert is a member of the Estate Planning Council of Mobile and is a current member and past Vice Chair of the Probate Section of the Mobile Bar Association. He is also a member of Class 6 of the Alabama State Bar Leadership Forum (2009) and was recognized as a 'Rising Star' by Alabama Super Lawyers in 2011. He was inducted into the Fellows of the American Bar Association in 2015. In 2019, Robert was elected to the American College of Tax Counsel (“ACTC”), which is a national association of tax lawyers who have been recognized by their peers as making an exceptional contribution to the tax profession. Robert is licensed to practice in all state and federal courts in Mississippi and Alabama, as well as the Fifth and Eleventh U.S. Circuit Courts of Appeal.

Danielle M. Grimm

Senior Technician Reviewer, Office of the Associate Chief Counsel
IRS - Internal Revenue Service

Danielle Grimm is a Senior Technician Reviewer of the Office of the Associate Chief Counsel handling Passthroughs & Special Industries at the IRS (Internal Revenue Service).

Chris L. Harris

Member
Clark Hill PLC

Chris Harris focuses his practice on international and federal tax issues relating to private equity transactions, mergers and acquisitions, joint ventures and real estate transactions. He advises a variety of clients on how to secure the future of their commercial enterprise, non-profit organization, or personal legacy through efficient tax structures.

He has experience in a wide variety of matters, including the partnership and corporate tax planning in connection with fund formation and operations, drafting LLC and partnership agreements, corporate governance, structuring and negotiating business transactions, structuring tax-efficient debt workouts, cross-border transactions, and deferred compensation plans.

Chris is Board Certified in Tax Law by the Board of Legal Specialization.

Kimberly Arndt

Tax Senior Manager
PriceWaterhouse Cooper

Kimberly Arndt is a Tax Senior Manager at PriceWaterhouse Cooper.

Morgan L. Klinzing

Associate
Pepper Hamilton LLP

Morgan Klinzing is an associate in the Tax and Estates Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office. Ms. Klinzing’s practice focuses on federal and international income tax, with a focus on the private equity arena and pass-throughs. She represents clients in domestic and cross border M&A, fund formation and structuring, reorganizations and partnership agreements. Ms. Klinzing is chair of the Young Lawyers Forum of the Tax Section of the American Bar Association and a frequent speaker on a variety of transaction tax matters.

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