The Tax Cuts and Jobs Act made a lot of changes in the realms of corporate, business, and individual federal taxes while leaving retirement planning taxes and laws relatively unchanged. But that does ...

The owners of many closely held businesses recently filed federal income tax returns on which they claimed, for the first time, the deduction based on “qualified business income” under Section 199A of ...

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Section 199A dividends are distributions from the profits of domestic real estate investment trusts ...

The Tax Cuts and Jobs Act of 2017 created Internal Revenue Code Section 199A, which allows for an income tax deduction generally equal to 20% of a taxpayer’s share of income from a pass-through entity ...

The Tax Cuts and Jobs Act (2017 Tax Act) significantly modified the treatment of certain deductions for many business taxpayers, including partners and partnerships. This article focuses on section ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. Nov 12, 2018, 08:57pm EST Nov 14, 2018, 09:21am EST This article is more ...

The IRS issued proposed regulations on Wednesday regarding the qualified trade or business income deduction under Sec. 199A, which was enacted by P.L. 115-97, the law known as the Tax Cuts and Jobs ...

On April 11, four days before the filing deadline, the IRS quietly added 21 questions to its website page of frequently asked questions about issues related to Section 199A, the new 20 percent ...

The proposed regulations exclude services “not directly related to the medical services field” such as the operation of health clubs or health spas and “payment processing, or the research, testing, ...

The Tax Cuts and Jobs Act of 2017 created a new tax break, Section 199A, where individuals and certain noncorporate taxpayers can deduct up to 20 percent of qualified business income (QBI) on their ...

(2) 20 percent of the combined amount of qualified REIT dividends and qualified PTP income. This amount is then compared to 20 percent of the amount by which the taxpayer’s taxable income exceeds net ...