In an article published recently on Politico, Stoel Rives attorney Greg Jenner weighs in on new guidance the IRS recently released regarding the 20 percent deduction for pass-through income contained in the 2017 Tax Cuts and Jobs Act. Jenner praised Treasury officials for trying to make sense of “an incredibly complex and fundamentally flawed statute.”
“Small businesses and their advisors,” Jenner continued, “will not be able to deal with the complexity and costs of compliance.”
For the full article and analysis, visit: https://www.politico.com/newsletters/morning-tax/2018/08/09/pass-throughs-the-aftermath-311258