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IRS Key Contact Information and Helpful Hints

Amended Tax Return Status: 866-464-2050 Apply for an EIN: 800-829-4933 Estate and Gift Taxes: 866-699-4083  Excise Tax Help: 866-699-4096  FBAR Online Filing Get Tax Transcript for

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2020 Last-Minute Section 199A Tax Reduction Strategies

With all that’s happened in 2020, it’s easy to forget about your Section 199A deduction.

You may remember that the Tax Cuts and Jobs Act (TCJA) gave many pass-through businesses the Section 199Adeduction as a no-effort, do-nothing 20 percent tax deduction based on defined business income.

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