Employee Benefits Blog
Posts tagged Flow-through income
July 30, 2018
The new 20% deduction applicable to certain flow-through income is one of the most significant features of last December’s Tax Cuts and Jobs Act. As explained in a January BNN article, the text of this new rule, provided in new Internal Revenue Code Section 199A, is complex and often ambiguous. We have been awaiting promised guidance in the form of Treasury Regulations, and it now appears that the release of that guidance is imminent.