Jerry Weil Discusses the Qualified Business Income Deduction in the Atlanta Business Chronicle

Bennett Thrasher partner Jerry Weil’s comments on compliance related to the new Qualified Business Income deduction are featured in a recent article published by the Atlanta Business Chronicle. Weil says, “The new Qualified Business Income deduction is a new, cashless deduction for certain pass-through businesses, and it is probably the biggest and best potential tax savings for those that are eligible. But, the analysis and details are incredibly complex, so it’s important to spend the necessary time to start early.” Weil also states that the new limitation on the deductibility of business interest expense is also proving to be more problematic saying, “The statute is only six pages, but we have close to 300 pages of regulations, still only in proposed form.” For the full article, please click here.

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For questions regarding the Qualified Business Income Deduction or for other questions regarding recent tax law changes, contact Jerry Weil by calling 770.396.2200.