The Extraordinary Deductions Available Under New Section 199A

New Internal Revenue Code Section 199A became effective on January 1, 2018. It provides extraordinary new federal income tax deductions to owners of small businesses; these deductions can exceed 20 percent of their business income. About 50 million U.S. business owners are eligible for section 199A deductions. However, to maximize their deductions, many of these business owners must significantly restructure their businesses.

John Cunningham’s Section 199A Practice

Attorney John Cunningham is a section 199A and LLC lawyer. He is the author of Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A—a Section 199A Practice Manual, the only book on section 199A published by a recognized publisher. His goal in his section 199A practice is to maximize the section 199A deductions of his clients. In 2018, he assisted his clients in achieving tens of thousands of dollars of these deductions.

Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A—a Section 199A Practice Manual

Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A—a Section 199A Practice Manual, published by Wolters Kluwer Law & Business, consists of 14 chapters, comprising 250 pages of text, and dozens of examples. It addresses all major section 199A issues, including how to compute the deductions available to business owners under the section and how to restructure business entities to maximize these deductions.

For a table of the chapters of the book, please click here. For more information about the book and to purchase copies of it, please click here.

John is also the author of the leading U.S. LLC formbook and practice manual. He is one of the few lawyers with substantial knowledge and practice expertise with regard both to section 199A and to LLCs. These two fields are profoundly independent and mutually supportive. No LLC matter should be handled without consideration of section 199A, and many section 199A issues cannot be resolved except with a sophisticated use of LLCs.

CONSULTATIONS

John provides free initial consultations about section 199A and LLCs. His telephone number is 603.856.7172.