The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-107892-18) concerning a provision enacted under the new tax law that allows certain owners of sole proprietorships, partnerships, trusts, and S corporations to deduct 20% of their qualified business income.
According to the KPMG Website,
The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-107892-18) concerning a provision enacted under the new tax law that allows certain owners of sole proprietorships, partnerships, trusts, and S corporations to deduct 20% of their qualified business income.
The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-107892-18) concerning a provision enacted under the new tax law that allows certain owners of sole proprietorships, partnerships, trusts, and S corporations to deduct 20% of their qualified business income.
Read text of the proposed regulations [PDF 530 KB]
Read Notice 2018-64 [PDF 37 KB]
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
