New IRS 199A Regulations Benefit Out-of-Favor Service Businesses

THE WHALEN GROUP Tax-Saving Tips September 2018 New IRS 199A Regulations Benefit Out-of-Favor Service Businesses If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your Section 199A deduction is easy to compute. It’s […]

Client Tax Letters

May 2018 June 2018 July 2018