IRC 199A Regulations Coming Soon

Take-Away: Last week Acting IRS Commissioner, David Kautter, announced that proposed Regulations that provide guidance with regard to the new IRC 199A 20% deduction to business profits will be issued in the next couple of weeks, having been ‘fast-tracked.’ He also said that Treasury’s intent was that the proposed Regulations will become final Regulations before the end of this year. Apparently many of the proposed Regulations will deal with aggregation of ownership rules, and anti-abuse rules.