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You are here: Home > Taxpayers Guide to LLCs and S Corps > Chap 8 - Section 199A Examples and Comparisons

Category - Chap 8 - Section 199A Examples and Comparisons

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S Corp Section 199A Deduction Examples

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
We are going to walk you through a handful of examples comparing non-S Corp scenarios such as sole proprietorships, single-member LLCs (disregarded entity) and other pass-through environments (partnerships) to those same situations being taxed as an [...]
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WCG

Section 199A Side by Side Comparisons

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
We created a handful of examples on the follow pages with two intentions. One, to demonstrate how the Section 199A deduction is calculated and Two, to show that an S Corp remains a critical tax reduction vehicle. Brace yourself for nauseating [...]
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WCG

Section 199A Basic Comparisons

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Joe Public earning $100,000 with and without additional taxable income[...]
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WCG

Section 199A Health Insurance Comparison

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Same situation as before, but with $10,000 in health insurance premiums (Line 8[...]
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WCG

Section 199A 200k Comparison

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
New day, different problem. This is an online retailer earning $200,000 in business income[...]
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WCG

Section 199A 250k Comparison

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Same online retailer (not a specified service business) showing single versus married[...]
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WCG

Section 199A Specified Service Business Comparison Part 1

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Same online retailer but compared to an attorney (SSTB). Yuck[...]
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WCG

Section 199A Specified Service Business Comparison Part 2

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Big shot surgeon compared to the lowly goat herder (non-specified service trade[...]
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WCG

Section 199A Phaseout

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
We might lose our minds the next time Congress acts over the holidays and ruins our eggnog. At least Wisconsin won the Orange Bowl which is nice. How does the Section 199A phaseout work[...]
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WCG

Section 199A Recap

  • Date: October 20, 2021
  • By: Jason Watson, CPA
  • Categories: Chap 8 - Section 199A Examples and Comparisons
Hopefully you are still with us and not in the fetal position sucking your thumb. To hammer these points home, the Section 199A won’t help everyone and the S corporation still has some shine (although perhaps less in some situations) as an overall [...]
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