Encyclopedia of National Dress: Traditional Clothing around the World [2 volumes]

Description

The deduction under ∫ 199A for 20% of qualified business income from a pass-through entity. The discussion incorporates the final regulations, and includes a new problem set.
The impact on choice of entity of the 21% corporate income tax rate, lower individual income tax rates, the 20% deduction for qualified business income, and other tax and business planning considerations.
The three-year long-term holding period required by ∫ 1061 for capital gains allocable to service partners with carried interests.
Final, temporary and proposed regulations on partnership liabilities and the special treatment of bottom dollar payment obligations.
New limitations in ∫ 461(l) on excess business losses.
Technical changes to Subchapter K, including the expanded definition of ※substantial built-in loss§ under ∫ 743(b) and repeal of the technical termination rule in ∫ 708.
S corporation developments, including the requirement to pay reasonable compensation to shareholder-employees for purposes of the ∫ 199A qualified business income deduction.