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Irs Provides Guidance On 20 Passthrough Deduction But Questions Remain - Latest News


IRS Publishes Final Guidance On The 20% Pass-Through Deduction: Putting It All Together

Now that we've got our hands on the final guidance, we can, at long last, take a comprehensive look at the new 20% pass-through deduction ... IRS responded by publishing a proposed Revenue Procedure s... read more

Tax Administration Woes Extend Beyond Just Refunds

The agency is taking steps to mitigate the worst effects, but the combination could remain troublesome for ... lack of final regulations for the 20 percent deduction for qualified business income, a t... read more

Tax Cuts & Jobs Act - Impact On Investors

The New 20% Qualified Business Deduction The new 20% Qualified Business Deduction (QBD) for sole proprietors and pass-through business ... These questions have yet to be answered. The IRS will have to ... read more

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IRS Releases Section 199A Guidance

(DTN) — The Internal Revenue Service outlined the rules on how farmers and others with pass-through ... The new deduction allows businesses structured as sole proprietorships, partnerships, trusts and ... read more


Tax Reform: Tax Cuts and Jobs Act - The New Favorable Deduction for Passthrough Entities

There are many questions that will require additional guidance ... the QBI deduction. It will also be very interesting to see how the IRS coordinates these new provisions with recently released rules ... read more

Five Steps for Pass-Through Firms amid Tax Reform

Several months into the 2018 tax year, many business owners remain ... provides. The new deduction was effective January 1, 2018, as part of the Tax Cut and Jobs Act. It provides a deduction of 20% on ... read more

New Deduction for Pass-Through Income: Good, But Not So Simple

Several crucial questions regarding the application of Section 199A so far remain unanswered. For example, it is unclear what types of businesses qualify for the deduction ... Department or the IRS pr... read more

Permanence for Alcohol Excise Tax Reforms

[20 ... Asked Questions TTB Form 5110.40,” https://www.ttb.gov/forms_tutorials/f511040/faq_instructions.html. [18] For a discussion of these principles, see Scott Greenberg and Nicole Kaeding, “Reform... read more

Agricultural Law and Taxation Blog

As a result of the Tax Cuts and Jobs Act (TCJA), for tax years beginning after 2017 and before 2026, a non C corporate business owner as well as an owner of an interest in a pass-through entity is ent... read more

What To Ask Your Tax Advisors About The New Section 199A Regulations

This provision provides ... questions that practitioners had about the statute. Tony Nitti did his usual amazing job of summarizing these rules in his post of Saturday, January 19th, entitled IRS Publ... read more

Cost-Benefit Analysis of Tax Regulations: A Case Study (with Jennifer Nou and David Weisbach)

Guidance ... passthrough deduction provides a nice potential case study of the marginal revenue rule in action. The deduction, added to the Internal Revenue Code by the December 2017 tax law as a new ... read more

Who qualifies for a business income deduction? The answer isn't always clear

When the Tax Cuts ... more questions than answers. Section 199A is intended to offer considerable benefits to pass-through businesses, namely S corporations, sole proprietorships and partnerships. By ... read more



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