Tag Archives: QBI

The Qualified Business Income Deduction (Section 199A): Interim Guidance

Attorney Morris Robinson's article, "The Qualified Business Income Deduction (Section 199A): Interim Guidance" has been re-uploaded with the following testimonials:

"A great synopsis as well as a detailed analysis of a complex and almost maddening topic!" - Edward E. Pratesi, ASA, CM&AA, ABV, UHY Advisors N.E., LLC, West Hartford, CT.

"It was excellent, one of the best I've read on this topic. I've been teaching tax for almost 40 years and even with this experience, I'm struggling with this provision. Morris' explanations used the language of the Code and that was much appreciated. Thank you." - William N. Kulsrud, PhD, CPA, Indiana University Kelley School of Business - Indianapolis Emeritus.

A copy of this article was published by Lorman Education Services at their request. Lorman Education Services have provided continuing education services since 1987.

You may download the article for free. Click Here.

Business Income Tax Rates Slashed: Planning Pointers and Traps

The Tax Cuts and Jobs Act slashes business income tax rates on certain types of business income.
  • The 20% Qualified Business Income Tax Deduction slashes the top individual income tax rate on certain business income from 37% to 6%.
  • The 37.5% Foreign-Derived Intangible Income (FDII) Deduction slashes the C corporation income
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The Qualified Business Income Deduction: Interim Guidance

On March 7, 2018, David J. Kautter announced that official guidance on the qualified business income deduction will not be available until the late summer or early fall. Mr. Kautter was responding to a letter dated February 21, 2018 from the American Institute of CPA’s (“AICPA”) requesting immediate guidance to resolve the many ambiguities in the qualified business income deduction (Section 199A).