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Good News: Most Rentals Likely Qualify as Section 199A Businesses
How to Reimburse Medicare When You Have Fewer Than 20 Employees
What Can I Do If My K-1 Omits 199A Information?
Terminating Your S Corporation Election
Improvement Property Update
When the Second Office in the Home Is a Principal Place of Business
How to Calculate and Improve Your QBI from a Partnership
How to Deduct Medicare as a Business Expense
Employee Recreation and Parties Survive TCJA Tax Reform
IRS Issues Final Section 199A Regulations and Defines QBI
IRS Clarifies Net Capital Gains in Final 199A Regulations
IRS Creates a New “Safe Harbor” for Section 199A Rental Properties
IRS Section 199A Final Regs Shed New Light on Service Businesses
IRS Updates Defined Wages for New Section 199A Tax Deductions
TCJA Tax Reform Sticks It to Business Start-Ups That Lose Money
Answers to Common Section 199A Questions
Avoid the 1099 Prepaid-Rent Mismatch
Avoiding the Kiddie Tax after Tax Reform
For tax years 2018-2025, the 2017 Tax Cuts and Jobs Act included a new deduction for non-corporate taxpayers for their domestic qualified business income (QBI). The deduction is generally 20% of a taxpayer’s QBI from a partnership, S corporation, or sole proprietorship. QBI is defined as the net amount of
