IRS Issues Final Regulations on Pass-through Business Deduction

January 22, 2019

The U.S. Treasury on Jan. 18 issued final regulations on a provision of the Tax Cuts and Jobs Act (TCJA) that allows owners of sole proprietorships, partnerships, trusts and S corporations to deduct up to 20 percent of their qualified business income on their taxes. Read on to see how this affects title and settlement companies.

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