Topics covered include: Mechanics of the new qualified business income deduction (QBID); Which income qualifies for the 20% deduction?; When do wage and property limits apply to the QBID?; When can attorneys and CPA's qualify for the deduction?; Practical strategies to assist your clients in qualifying for the QBID; How does the QBID apply to real estate?; Should your clients switch from S corporations to C corporations?; Impact of the accumulated earnings tax; Impact of the personal holding company tax. Upon completing this course, you should be able: Recognize how to advise clients on the Tax Cuts and Jobs Tax Act; Identify the new effective tax rates and 20% deduction for K-1 income; Recognize what's included in qualified business income for purposes of the TCJA; Describe qualified business income deduction (QBID) and how it applies to tax payers; Identify accumulated earnings under TCJA; Recognize the corporate tax rate under TCJA.