Stephen R. Looney, Chair of Dean Mead’s Corporate and Tax Department, recently gave a co-presentation on “Section 199A and Its Application to S Corporations” during the NYU School of Professional Studies Tax Conference in New York City. On July 26, Looney spoke about the use of S corporations under the new provision applied to both qualified trades or businesses and specified service trades or businesses. Definitional issues involving “wages” and “qualified property” and other terms relating to new Section 199A were examined, as well as its impact on choice of entity decisions. The presentation was part of the conference’s advanced course on Subchapter S.
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