White Paper

10 Pages
  • 10 Pages

Maximizing the IRC §199A Deduction


Can you take advantage of IRC § 199A?

Those who qualify for the IRC § 199A deduction should consider themselves a big winner with the Tax Cuts and Jobs Act. This deduction is equal to 20% of a taxpayer's qualified business income, subject to adjustments and limitations that are discussed in this white paper. Take note as a taxpayer - maximizing this deduction involves careful planning; and a multitude of taxpayers won’t be eligible for it. This white paper reviews the rules behind the IRC § 199A deduction and can help you determine what your tax advisor needs to do to maximize the deduction for you.



Scott W. Dolson

Scott W. Dolson

Frost Brown Todd LLP

  • Member in the Louisville office of Frost Brown Todd LLC
  • Provides a wide variety of corporate, tax and mergers and acquisitions services, including business and tax planning for limited liability companies, partnerships and corporations, structuring the formation of closely held businesses and family limited partnership/LLCs, structuring syndicated private offerings in technology, real estate, oil and gas, restaurant and other business areas, tax planning for taxable and tax-free business transactions, handling disputes with the Internal Revenue Service and the Kentucky Revenue Cabinet, and providing general counsel to business organizations and their owners
  • Represents closely held businesses engaged in a variety of business activities, including real estate, technology, restaurants, physician and other professional practices, asphalt production and paving, oil and gas exploration, home health care, and laboratory testing
  • Also works regularly with individuals and closely-held businesses in the areas of family wealth transfer planning and business succession planning
  • Speaks regularly at seminars on business and tax issues; his experience is wide-ranging
  • Chambers USA, Corporate/M&A, 2005, 2008-2017; Selected for inclusion in Kentucky Super Lawyers®, Tax, 2007-2016; The Best Lawyers in America®, Corporate Law, Mergers & Acquisitions Law, Tax Law, 2006-2018; Peer Review Rated, Martindale-Hubbell®
  • J.D. degree, University of Virginia School of Law; B.A. degree, with honors, Harvard University

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