New IRS 199A Regulations Benefit Out-of-Favor Service Businesses
The recently passed tax reform law included the new Section 199A deduction,generally referred to as the 20% income reduction. The law raised many questions regarding its implementation for “out-of-favor service businesses” such as: physicians, dentists, CPA's and attorneys. As is often the case with new tax laws, the application is a work in progress and [...]