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In 2017, the Tax Cuts and Jobs Act included a new deduction for business income: Section 199A. This provision allows taxpayers to deduct up to 20 percent of qualifying business income against their ...
It’s tax time, and for many New Hampshire business owners, the annual 20% federal income tax deduction potentially available to them under Internal Revenue Code Section 199A will be hugely important.
A collective of financial services organizations is urging Congress to extend and expand the Section 199A tax deduction, arguing that it currently disadvantages independent financial advisors relative ...
I’ve written this column and next Sunday’s column primarily for tax professionals. Thus, most New Hampshire business owners may not want to read them. However, these columns may be very useful to New ...
The IRS released guidance on the Section 199A qualified business income deduction on August 8th. Our panel will discuss the IRS guidance and planning opportunities and challenges that it creates. This ...