Last year’s tax reform created a new 20-percent deduction of qualified business income for passthrough entities, subject to certain limitations. The Tax Cuts and Jobs Act (TCJA) (P.L. 115-97) created the new Code Sec. 199A passthrough deduction for noncorporate taxpayers, effective for tax years beginning after December 31, 2017. However, the provision was enacted only […]
The post Wolters Kluwer Interview: A Three-Part Series on the New Code Sec. 199A Passthrough Deduction and Proposed Regulations appeared first on Tax & Accounting Blog.