Tax Cuts and Jobs Act Section 199A Deductions for Pain Physicians?

[drusso]

Preparing Your Clients for the 2018 Tax Year

What sort of guidance have people been getting from their CPA's regarding Section 199A deductions for pass-through entities for pain management?

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[lonelobo]

This

The deduction is not applicable to certain industries, such as health, law and financial services unless taxable income is below $157,500 for single filers and $315,000 for joint filers.

 

[drusso]

This

The deduction is not applicable to certain industries, such as health, law and financial services unless taxable income is below $157,500 for single filers and $315,000 for joint filers.

How is shareholder partnership income in ASC's being recognized by Feds for tax purposes?

 

[Gauss]

might be worth looking at: Practice Management
there's a CPA on that board that posts useful articles: Planning to Maximize Your Section 199A Deduction