Section 199A can be a labyrinth of confusion. How insurance producers may benefit from a 199A deduction has been somewhat muddled. Now that Final Treasury Regulations have been released, we have some answers. This class reviews when insurance producers may be eligible for a 199A deduction, and covers the following issues:

• The basics of section 199A and how the deduction is calculated.

• What a specified service business is and why it matters.

• How insurance agents and brokers are classified under the final treasury regulations and if insurance agents and brokers fall under the specified service business classification, which could result in no 199A deduction if taxable income is too high.

• What the 199A deduction ramifications are when insurance agents provide financial services in conjunction with selling insurance products.

• How being a statutory employee may impact the analysis.

Your certificate will be awarded upon successful completion of the course requirements which include a video lecture that will be followed by a 5 question final exam.