US IRS releases draft rules relating pass-through entities deduction including anti-avoidance rule

Aug 09,2018

US IRS releases proposed tax regulations for new 20% income tax deduction for owners of businesses organized as pass-through entities (introduced through US Tax Code legislated in December 2017) for stakeholders comments within 45 days; The regulations will affect individuals, partnerships, S corporations, trusts, and estates engaged in domestic trades or businesses; As a measure to prevent a tax loophole for wealthy Americans, the pr...

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