Feb 07, 2019 12:30
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:
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: