Navigate Section 199A

Code Section 199A created a deduction on qualified business income (QBI) for pass-through entities. While the new section may prove beneficial to your clients, 199A is complex.

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Expert Guidance on Section 199A Challenges

Bloomberg Tax & Accounting 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.

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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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