Tag - 199 cap A

199 Cap A- February 1 2019

Hello fellow taxpayers. This is a short, LOL! but very important email. I am repeatedly asked about the 199 Cap A by folks that have businesses; even though I have mentioned this subject before it bears repeating. One of the most complicated aspects of the tax law is the new “20% Qualified Business Deduction”, also referred to “Section 199 Cap A” rule. Without getting too technical, this section applies to all who are self-employed, an owner of an LLC, shareholder in an [...]