Instructor
Nick Preusch
Instructor
Nick Preusch, CPA, J.D., LL.M., MSA, has a primary focus of performing tax services relating to emerging issues and complex tax transactions. He works closely with
businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Nick started his career with the Internal Revenue Service (IRS) as a revenue agent, and then as an attorney at the IRS National Office in Washington, D.C., where he was the lead attorney for several significant tax ethics cases.
Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign.
Nick has been a member of the AICPA’s Tax Practice Responsibilities Committee, Tax Executive Committee and Professional Ethics Executive Committee.
The Section 199A Qualified Business Income (QBI) deduction remains one of the most complex and frequently misunderstood provisions affecting pass-through entities and their owners. This advanced-level course provides a deep dive into the mechanics, limitations, and planning opportunities associated with the §199A deduction.
Participants will walk through the detailed calculation of the QBI deduction, including income thresholds, W-2 wage and qualified property limitations, and coordination with taxable income caps. The program explores the treatment of Specified Service Trades or Businesses (SSTBs), including nuanced regulatory definitions, de minimis rules, and anti-abuse provisions. Special attention is given to rental real estate, self-rentals, aggregation rules, and the determination of whether activities rise to the level of a §162 trade or business.
Through real-world examples, IRS guidance, and regulatory analysis, attendees will gain the practical knowledge needed to properly compute the deduction, identify common errors, and apply compliant planning strategies for clients subject to §199A.
A strong working knowledge of individual and pass-through entity taxation. Prior experience preparing or reviewing complex individual or business returns is recommended.
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This course is designed for CPAs, enrolled agents, and tax professionals who advise owners of pass-through entities, including partnerships, S corporations, and rental real estate enterprises, and who are responsible for calculating or reviewing §199A deductions.
