OMB Receives Final and Proposed Section 199A Regulations

The Office of Management and Budget (OMB) received the proposed and final regulations regarding the new section 199A pass-through deduction regime on December 13 and 14.  The proposed regulations focus on regulated investment company-specific guidelines while the final regulations follow up on the proposed pass-through deduction rules released in August.  The regulations are not marked for expedited review; however, the government has indicated that it plans to release the final regulations before the end of the year so they will take effect for tax year 2018.

Read More: OIRA Reviewing Final and Proposed 199A Rules

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