This webinar replay reviews the Act’s changes to pass-through business income and impacts to business entity planning with Robert Jamison, author of S Corporation Taxation, published by CCH Incorporated. The following was discussed:
- the new IRC section 199A deduction addressing its application to various taxpayers,
- what is known, as well as specific areas where ambiguity must be addressed through regulation,
- the latest on the deduction for qualified cooperative dividends.
About the speaker: Robert W. Jamison, Jr., CPA, PhD, Professor Emeritus of Accounting, Indiana University, Kelley School of Business – Indianapolis, author of S Corporation Taxation, published by CCH Incorporated, is a nationally recognized expert on S corporation tax law. In addition to teaching tax law in accounting departments at three universities for 36 years, Dr. Jamison has been the lead author of the Business Entities chapter of the National Income Tax Workbook and its predecessor for more than 30 years. (The National Income Tax Workbook is the text used to teach the two-day Annual Income Tax Course in Wisconsin and 27 other states each year.) Dr. Jamison’s S Corporation Taxation, 2017 Edition, (1,864 pages) published by CCH Incorporated, Chicago, is the go-to book for practitioners who advise clients regarding taxation of S corporations, including formation, operation, termination, and compliance. In it they fi nd practical answers to their common as well as unusual S corporation tax questions. Every plain-language explanation of the rules includes citations to the authority for the explanation. This edition updates and expands the extensive detailed discussion from the previous nine editions of the book. Dr. Jamison is also a co-author of Multistate Tax Guide to Pass-Through Entities, 2017 Edition, Chicago, CCH Incorporated.