The IRS on January 18 released final regulations under Section 199A, which was added by the 2017 tax reform act. The final regulations generally apply to tax years ending after February 8, 2019. Taxpayers instead may, but are not required to, apply the proposed regulations in their entirety for tax years ending in 2018.
The Section 199A final regulations raise a number of important issues. PwC on February 12 hosted a webcast featuring PwC specialists who discussed some of these issues. This Insight highlights those discussions. Watch the webcast replay and register for future webcasts in PwC’s Tax Readiness series, which addresses other important current tax topics.
