Source: AG PROFESSIONAL 1/30/18
The newly passed Tax Cuts and Jobs Act of 2017 introduced substantive changes to individual and entity-level tax rates and deductions, many of them welcomed by individuals and corporations. One section of the Internal Revenue Code (IRC) in particular--IRC § 199A Deduction for Qualified Business Income of Pass-Through Entities (Sec 199A hereafter)--is getting a lot of attention, raising questions and eyebrows for its potential impacts on grain marketing decisions. For more of this story, click here.
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