ADDITIONAL GUIDANCE UNDER THE TCJA EXPECTED BY YEAR’S END

November 26, 2019

The post under the link below summarizes a statement by the IRS commissioner about IRS plans for extensive additional guidance about the Tax Cuts and Jobs Act of 2017 before the end of this year.  Importantly, the commissioner makes no reference to guidance under section 199A, a provision of tremendous important to every LLC owner and lawyer.  Maybe this means that, at least for a while, no more section 199A guidance will be forthcoming.

Here is the link:   https://www.twrblog.com/2019/11/significant-tcja-guidance-due-before-end-of-year-kautter-says/#page=1

As many of you know, my fields of expertise are (i) complex LLC law and tax; and (ii) section 199A, including, especially, section 199A restructuring.  If you have questions in either of these fields, please feel free to give me a call.

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