Finanse publiczne · 19/01/2021

IRS Issues Final Regulations on Section 199A Deduction for Cooperatives and Their Patrons

The Internal Revenue Service (IRS) has released final regulations providing guidance on the deduction for qualified business income (QBI) under Section 199A of the Internal Revenue Code for cooperatives and their patrons, as well as for specified agricultural or horticultural cooperatives and their patrons. The new rules affect cooperatives, including S corporations, partnerships, trusts, and estates, and patrons who are individuals, and will impact the calculation of the QBI deduction.

Source: Federal Register — Department of the TreasuryOpen original release →

IRS Issues Final Regulations on Section 199A Deduction for Cooperatives and Their Patrons

U.S. Department of the Treasury Publishes Venezuela Sanctions Regulations Web General License 60

IRS Invites Comments on Lien Agreement Information Collection Request

U.S. Treasury Publishes Iran-Related Sector Determination

Department of the Treasury Invites Comment on Proposed Information Collection: Information-Sharing Initiative: Digital Assets Criteria Form

Agency Information Collection Activities; Comment Request on Consent To Extend the Time To Assess Tax Under Section 367-Gain Recognition Agreement

Cancellation of Hearing on Proposed Regulations Regarding Refunded Portion of Certain Federal Refundable Tax Credits