February 28, 2019

Tax Reform: Do Final 199A Regulations Help or Hurt Healthcare Entities?

We have been monitoring and reporting on tax reform for several months, including one of the most complicated areas of the new law – Section 199A, commonly known as the 20% pass-through deduction.

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Topics: Tax Reform, Section 199A

August 15, 2018

TAX REFORM: IRS Limits Tax Strategies for Pass-Through Healthcare Entities

On August 8th, the IRS released proposed regulations addressing the Section 199A deduction, commonly known as the 20 percent pass-through deduction. The guidance clarified several aspects of Section 199A that are of particular interest to healthcare providers, including the definition of “specified service trades or businesses” (SSTBs) and restrictions on splitting up existing businesses. At first glance, it appears that these new rules will limit the ability of healthcare professionals to qualify for the deduction. (For a broader look at the general impact of the proposed regulations, see the HORNE article, “Tax Reform: Guidance For Pass-Throughs Is Here.”)

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Topics: Tax Reform, Section 199A

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