Archives for February 2018

 See “A Planning Introduction to the 2017 Tax Act – The Overview” which briefly discusses this topic and helps put it in an overall perspective within many of the major tax changes enacted in December. We indicated in that introduction that the new legislation tends to make tax planning more and more mathematical, and while that remark emphasizes alternatives and myriad tax rules, it is particularly true of the new Section 199A that we discuss here.  This new law, this new concept, is effective after 2017.  ((The final bill basically followed the Senate approach, with some rather significant modifications.    See generally, Tax Cuts and Jobs Act, Conference Report to Accompany H.R. 1, 115th Cong., 1st Sess., House Report 115-466, December 15, 2017, which includes the text of the Act, the legislative histories of the House, Senate and Conference.  Hereinafter, the Conf. Rep.  For pagination cites see PDF version: … [Read more...] about  A Planning Introduction to the 2017 Tax Act – The 20% of Business Income Deduction