Treasury, IRS Issue Final Regulations and Other Guidance

Treasury, IRS Issue Final Regulations and Other Guidance

The Treasury Department and the Internal Revenue Service (IRS) have recently issued final regulations, guidance and have put into service the new qualified business income (QBI) deduction, representing a potential 20% tax deduction. If you are filing a sole proprietorship, partnership, S corporation, trust or estate return you will want to read here to better understand these changes and many more. 

If you think you qualify for this deduction, please seek the advice of one of our expert tax advisors.

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