H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

U.S. hotel industry associations have praised the signing of President Trump's One Big, Beautiful Bill for America, citing provisions that they say will help small-business operators. Photo Credit: ...

The 2017 Tax Cuts and Jobs Act (TCJA) introduced Section 199A. This provision, scheduled to expire next year, provides owners of “pass-through” businesses a 20 percent deduction for qualified business ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

The section of the federal tax code known as 199a will expire at the end of 2025 unless Congress approves an extension. Its passage in 2017 represented one of the most important lobbying victories ...

Change is in the air — especially when it comes to taxes. Among the biggest potential game-changers are modifications to the Tax Cuts and Jobs Act (TCJA). While TCJA was scheduled to sunset at the end ...

A collective of financial services organizations is urging Congress to extend and expand the Section 199A tax deduction, arguing that it currently disadvantages independent financial advisors relative ...

TUSTIN, Calif.--(BUSINESS WIRE)--Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced today the tax treatment for its 2024 distributions. The following table summarizes, for income tax purposes, the ...

For businesses taxed on their income at the entity level, most commonly organized as C corporations, the TCJA dramatically reduced the corporate income tax rate from a graduated rate topping out at 35 ...

Tax season is upon us and we now need to prepare tax returns for farmers (and other businesses). There were many questions regarding Section 199A in preparing 2018 returns and although we have gotten ...