IRS to Consider Changing Section 199A Aggregation Rules Based on Comments

IRS official Benjamin Weaver stated that the IRS is open to changing the aggregation rules set forth in the proposed section 199A pass-through deduction regulations since they are not “statutorily derived.” Weaver stated that the IRS has received numerous comments on the proposed regulations, particularly on the requirement that attributes of multiple businesses be aggregated at the individual level rather than the entity level. Weaver did not confirm that the IRS and Treasury would definitely revise the proposed regulations but stated that it will be “an area of focus” as they finalized the rules.

Read more: IRS Open to Changing 199A Aggregation Rules

Read Regulations: REG-107892-18

Back to top