Everyone is entitled to pay the least amount of tax possible by any legal means. 1 The newly enacted Internal Revenue Code Section 199A provides a new legal means to pay less income tax. Congress ...

In this fourth installment of my multi-part series on the One Big Beautiful Bill Act (the “Act”), Steve Nofziger and I discuss a provision of the Act that impacts pass-through business entities and ...

Practitioners have been waiting for filing season guidance on Section 199A, which provides a 20 percent deduction for qualified business income of pass-through entities. Although proposed regulations ...

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The new regs on Code Section 199A (the 20 percent deduction available to passthrough entities) contain a safe harbor for owners of rental properties. If the taxpayer qualifies for the safe harbor, the ...

The National Grain and Feed Association commended the leaders of the Senate Finance and House Ways and Means Committees for their statements committing to addressing as soon as possible the unintended ...

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Christmas came early for tax pros this year. As a kind of stocking stuffer, the IRS gave us a draft of Publication 535 that explains the qualified business income deduction. And then there was the big ...

The Tax Cuts and Jobs Act of 2017 (Tax Act) got a lot of press during negotiations and passage, but there are particular aspects of the law that are worth a deeper dive. One such aspect of the law is ...