Internal Revenue Service August 16, 2018 – Federal Register Recent Federal Regulation Documents

Qualified Business Income Deduction
Document Number: 2018-17276
Type: Proposed Rule
Date: 2018-08-16
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations concerning the deduction for qualified business income under section 199A of the Internal Revenue Code (Code). The regulations will affect individuals, partnerships, S corporations, trusts, and estates engaged in domestic trades or businesses. The proposed regulations also contain an anti- avoidance rule under section 643 of the Code to treat multiple trusts as a single trust in certain cases. This document also provides notice of a public hearing on these proposed regulations.