The “Experts” Get 199A Wrong, Part 2
We like Marty Sullivan. He always has something interesting to say. His latest piece criticizing Section 199A is a bit of a disappointment, however.
Where to start? Marty says the pass-through community was “seething” following the resolution of the 2012 fiscal cliff – we weren’t. He says family businesses can just elect to be C corps if they don’t like paying higher rates – except they pay more either way (we’ve covered that one many, many times). And he says we should reject 199A because it excludes certain industries – wasn’t our idea.
But those are quibbles. …
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