IRS Issues Rules For New Section 199A Deduction–What's Out, What's In, To Cut Your Taxes
The new tax law creates big opportunities for doctors to increase their tax savings. However, some of the tax breaks are limited/eliminated for higher income doctors, including the new 20% deduction for pass-through practice and business profits. Recently issued IRS proposed regulations detail what strategies will, and won’t, work to maximize your tax savings, as explained below.
Congress added highly complex Section 199A providing...
Log in to view full articleBack
The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.
Copyright © 2018 John K. McGill & Company, Inc. All Rights Reserved.