Posts tagged Qualified Business Income Deduction
Latest Information On The 199A Qualified Business Income Deduction
Latest Information On The 199A Qualified Business Income Deduction

The IRS has released a Fact Sheet outlining the components and related details of the section 199A deduction, also known as the qualified business income deduction. Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S-corps, trusts and setates may be eligible for this deduction.

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The Doty GroupIRS, Qualified Business Income Deduction, Section 199A Deduction, Business Owners, Tax Cuts and Jobs Act, Tax, REIT dividends, Section 162, Real Estate, Real Estate InvestorsComment
Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction
Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

The Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).

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Business Owners, IRS News, Tax ReformThe Doty GroupQBI deduction, Section 199A Deduction, Tax Cuts and Jobs Act, Qualified Business Income Deduction, Real Estate Investors, RentalsComment
Year-End Tax Planning Moves to Make
Year-End Tax Planning Moves to Make

Here is an overview of some of the important changes and issues from the Tax Cuts and Jobs Act, as well as some actions you may be able to take before year-end to maximize your tax savings for 2018.

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Business Owners, From The Doty Group, Individuals, Tax ReformThe Doty Groupdoty groupIndividuals, Business Owners, Tax Cuts and Jobs Act, Tax Planning, Qualified Opportunity Zones, Qualified Business Income Deduction, Child Tax Credit, Charitable IRA Distributions, Itemized DeductionsComment