On-Demand: Tax Summit - Is Rental a Trade or Business?
Course Description
Are you not yet convinced that a simple single family
rental qualifies for QBI? This class will investigate what is a Trade or
Business under 199A. An exploration will be conducted if rental properties can
be a Trade or Business under 199A; all while giving supporting case law for and
against. We will discover that to be a trade or business, a taxpayer must be
involved with continuity, regularity, primary purpose for profit, and is not
necessarily based on material participation. Revenue Procedure 2019-38, Final
Safe Harbor Rules for Real Estate activities will be critique. Also examined will be the importance of
substantial authority and evaluation of authorities.
Learning Objectives
- Analyze IRC §199A & what is a Trade or Business.
- Interpret and determine what is a Trade or Business under IRC §199A regarding rental of real property.
- Deep dive and examination of Court Cases.
- Analyze IRS FAQs on this topic.
- Translate Rental Safe Harbor under Rev. Proc. 2019-38.
Presenters
Allan (AJ) Reynolds, EA
A.J. has immense exper
A.J. has immense experience in various areas of taxation, which encompasses over 30 years. His practice centers on individual, business, and estate tax preparation. In addition, A.J. specializes in IRS audits, appeals, collections and other tax representations. He speaks for multiple organizations and brings his everyday “in the trenches” experience to assist attendees with real issues affecting tax professionals. A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving five years in the U.S. Navy.
A.J. has immense exper
A.J. has immense experience in various areas of taxation, which encompasses over 30 years. His practice centers on individual, business, and estate tax preparation. In addition, A.J. specializes in IRS audits, appeals, collections and other tax representations. He speaks for multiple organizations and brings his everyday “in the trenches” experience to assist attendees with real issues affecting tax professionals. A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving five years in the U.S. Navy.
Continuing Education
This course qualifies for IRS and CTEC Continuing Education Hours. NAEA reports IRS/CTEC CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.