One of the latest tax rules entrepreneurs should know about is the Qualifying Business Income (QBI) Deduction. The deduction, also known as Section 199A, is a 20% deduction available...
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
Pass-through businesses are likely to file early tax returns this year. Trusts, estates and individuals who own pass-through businesses can claim a deduction under section 199A for...
Posted by The TaxAdvocate Group, LLC on 10/29/2019
When it comes to investments, people can get confused or may not find the right way to proceed with it. Real estate investing with section 199A is easier for the people who are new...
Posted by Unifirst Financial & Tax Consultants on 11/30/2018
The QBI (qualified business income deduction) allows individuals to deduct up to 20% of business income, REIT dividends, or PTP income from personal income tax returns. Those who are...
Posted by Schneiderman and Friedman on 12/28/2020
This section may be of the most radical change of previous year tax reform bill and something you cannot underestimate. A lot of Tax Preparer and Accountant referred to it as the best...
Posted by HENRY OSEGO TAX SERVICE on 01/27/2019
What is Section 199 A?In the year 2017, American President Donald Trump signed the 2017 Tax Cuts and Jobs Act, it includes the enactment of Section 199A of the Internal Revenue Code...
Posted by John Pournaras Agency on 11/30/2018
