AICPA requests immediate guidance from IRS and Treasury Department on deduction for qualified business income of pass-through entities

March 22, 2018The American Institute of CPAs (AICPA) requested immediate guidance from the Internal Revenue Service (IRS) and U.S. Department of the Treasury on various issues regarding section 199A of the new Internal Revenue Code, the deduction for qualified business income (QBI) of pass-through entities. “Taxpayers and practitioners need clarity regarding QBI in order to

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