up for some light reading?

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  • kathyc2
    Senior Member
    • Feb 2015
    • 1974
    #1

    up for some light reading?

    We've been waiting on clarification on 199A and it is now out and is 184 pages! Too much going on right now, I need the cliff notes version!

    https://www.irs.gov/pub/irs-drop/reg-107892-18.pdf
    Tags: None
    • ATSMAN
      Senior Member
      • Jul 2013
      • 2415
      #2
      Originally posted by kathyc2
      We've been waiting on clarification on 199A and it is now out and is 184 pages! Too much going on right now, I need the cliff notes version!

      https://www.irs.gov/pub/irs-drop/reg-107892-18.pdf
      Same here. Too much legalese language for my tiny brain!
      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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        • TAX4US
          Senior Member
          • Mar 2010
          • 554
          #3
          This may be interesting to the Tax Software writers. I would bet the cost of the software will be higher than normal. I read through it. Somewhere there will be somebody who will come up with a worksheet comprising all this mess.

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            • ATSMAN
              Senior Member
              • Jul 2013
              • 2415
              #4
              Originally posted by TAX4US
              This may be interesting to the Tax Software writers. I would bet the cost of the software will be higher than normal. I read through it. Somewhere there will be somebody who will come up with a worksheet comprising all this mess.
              Yes the cost of tax prep software will go up for most companies. The question is how much more can we charge and what will the market bear for business returns next year if the average additional time is 2.5 hours??
              Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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                • Y2KEA
                  Senior Member
                  • Nov 2005
                  • 346
                  #5
                  A lot of head scratching info in there. I will wait for the Cliff Notes.

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