IRS Releases Section 199-A Regulations

By NSA Blogger posted 8 days ago

  
The IRS released the long-awaited guidance for 199-A, Qualified Business Income (QBI), this morning. This release contains proposed regulations concerning the 20% QBI deduction that impacts small businesses, individuals, partnerships, trusts and estates, and S-corps involved in domestic trades or businesses. The text of this update can be found here.
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