The Section 199A Qualified Business Income Deduction (QBID) is one of the most significant tax reform changes introduced by the Tax Cuts and Jobs Act. The deduction of up to 20 percent of qualifying business income could dramatically lower effective tax rates for shareholders of passthrough entities.
The Treasury Department and IRS have issued final Section 199A regulations in an attempt to answer many of the difficult questions raised by QBID and prevent certain planning techniques. This webinar will focus on the most significant aspects of QBID and what the final regulations mean for you and your business.
Participants are encouraged to view our previous webinar on the proposed QBID regulations, as this session will build on that information.
Presenters
- Amy Forester, tax partner
- Ginger Powell, tax senior manager
- Donny Lucaj, tax manager
