Insights

Qualified Business Income Deduction: Understanding the Specified Service Trade or Business Rules

Qualified Business Income Deduction: Understanding the Specified Service Trade or Business Rules

On December 22, 2017, the Tax Cuts and Jobs Act was signed into law and Internal Revenue Code Section 199A “Qualified Business Income” was created. In its simplest terms, Section 199A allows owners of sole proprietorships, S-corporations, or partnerships to take a...

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Court of Appeals Reverses and Remands Tax Court Decision in Transfer Pricing Arena – Medtronic, Inc.

Court of Appeals Reverses and Remands Tax Court Decision in Transfer Pricing Arena – Medtronic, Inc.

On August 16, 2018, the Court of Appeals for the Eighth Circuit reversed a Tax Court decision regarding the transfer pricing court case of Medtronic, Inc. & Consolidated Subsidiaries v. Commissioner, No. 17-1866. The transfer pricing case analyzed the transfer...

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