Final Section 199A Regulations
Final Section 199A Regulations
WEBCAST

Tax Reform Thursdays: Final Section 199A Regulations

Webcast overview:

The 2017 tax legislation introduced a temporary 20 percent business deduction under section 199A (the Deduction) that may be available to certain individuals, trusts, and estates that operate sole proprietorships or who own an interest in a partnership or an S corporation.

On January 18, 2019, the U.S. Treasury Department released to the public the following guidance:

  • Final regulations under section 199A
  • New proposed regulations providing guidance on the treatment of previously suspended losses and the determination of the Deduction for taxpayers that hold an interest in regulated investment companies (RICs) charitable remainder trusts, and split-interest trusts
  • Notice 2019-07 providing a safe harbor under which certain rental real estate enterprises will be treated as a trade or business solely for purposes of section 199A

KPMG LLP (KPMG) is pleased to invite you to a TaxWatch Webcast that will discuss the new guidance and its impact on the availability of the Deduction for business owners. Professionals from KPMG’s Washington National Tax practice, including Deborah Fields, Deanna Harris, Carol Kulish, and Jon Finkelstein will discuss:

  • An overview of new section 199A
  • Highlights of the above guidance
  • Aspects of the guidance which are relevant to the real estate industry
  • Issues and potential planning opportunities
  • Compliance and potential reporting implications

Moderator:

Carol Kulish

Carol Kulish

Director, Fed. Legislative & Reg. Services, KPMG US

Speakers:

Deborah Fields

Deborah Fields

Partner in Charge, Passthroughs Group, KPMG US

Deanna Harris

Deanna Harris

Senior Manager, Tax, KPMG US

Jon G. Finkelstein

Jon G. Finkelstein

Principal, Washington National Tax, KPMG US