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Bloomberg Tax Research
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Expert Guidance on Section 199A Challenges
Bloomberg Tax has you covered with a wealth of materials to help guide you through the new IRC code section including practice guides and checklists, client letters, news, FAQs, and fully updated Tax Management Portfolios providing in-depth analysis and practical guidance on choice of business entity.
Related Resources
SPECIAL REPORT
Section 199A Regulations Roadmap
This roadmap highlights significant differences between the August 2018 proposed regulations and the final regulations, along with additional changes in the January 2019 proposed regulations.
SPECIAL REPORT
Highlights of the §199A Rules for Cooperatives and Their Patrons
This report discusses four primary areas of guidance from the proposed regulations:
The proposed §199A(a) rules for cooperatives and their patrons. Key new definitional guidance for the §199A(g) deduction. Rules for computing the §199A(g) deduction. Similarities the §199A(g) deduction bears to the deduction under former §199and highlights significant modifications from those familiar rules.
PODCAST
Trust Planning with §199A
Alan Gassman joins Andrea L. Ben-Yosef in a podcast about the new tax code §199A and trust planning. Alan is a tax and estate planning lawyer and founding partner of the Florida law firm Gassman, Crotty & Denicolo. Alan is a frequent contributor to Bloomberg Tax and other publishers, and lectures on Section 199A and many other topics. Among his books are Florida & Federal Asset Protection Law, available on Bloomberg Tax.
PODCAST
Section 199A – Update,
Part 1
Bloomberg Tax’s Sarah Salzenberg and Ashley Fausset follow up on May’s podcast on Section 199A.
PODCAST
Section 199A – Update,
Part 2
In Part 2 of the podcast, Bloomberg Tax’s Sarah Salzenberg and Ashley Fausset dive into the Section 199A rules and technical guidance.
PODCAST
Section 199A – Update,
Part 3
Bloomberg Tax’s Joe Hagedorn and Ashley Fausset discuss the recent guidance issued on §199A.
Customer Only Resources
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PORTFOLIO
IRS Final Rules (T.D. 9847) Qualified Business Income Deduction [84 Fed. Reg. 2952 (2/8/19)]
This document contains final regulations concerning the deduction for qualified business income under section 199A of the Internal Revenue Code (Code).
TOOL
IRC 199A Deduction Calculator
For the calculation of the Qualified Business Income Deduction.
This calculator enables you to determine the 20% combined deduction under IRC §199A for all of the taxpayer’s trades or businesses and allows you to easily change your entries to compute the deduction under various fact patterns.
REPORT
Practice Guides & Checklists, Section 199A: Understanding the 20% “Pass-Through Deduction”
This essential resource helps practitioners start their research efficiently. Written by practitioners, this Practice Guide & Checklist explains the key considerations of Section 199A and links to Tax Management Portfolios, primary source materials and relevant content.
PORTFOLIO
Portfolio 537: Qualified Business Income Deduction: Section 199A
Tax Management Portfolio 537: Qualified Business Income Deduction: Section 199A discusses a new provision of the Internal Revenue Code, §199A, which provides a 20% deduction for qualified business income, qualified publicly traded partnership income, qualified REIT dividends, and income of, or received from, certain agricultural or horticultural cooperatives. The Portfolio describes the requirements that taxpayers must meet in order to qualify for the deduction, the complex rules that limit taxpayers’ eligibility for the deduction, and the many uncertainties that taxpayers and their advisers face in interpreting the statute.
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