The new Sec. 199A deduction is probably one of the most complex provisions of the new Tax Act. This session will:
1. Address the issues we face in determining which clients will qualify and how to calculate the amount. Any IRS updates and new developments will be included, as well as providing a forum for practitioner comments and questions.
2. Address which client businesses or rental activities will qualify for the deduction - What steps can clients take to secure the deduction and obtain the necessary information needed to calculate the amount.