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Powell Preaching Patience from the Podium

Luke Tilley |
Wilmington Wire
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January 31, 2019– Chairman Powell and the Federal Reserve pushed a message of “patience” after its meeting yesterday, meaning the central bank does not expect to raise interest rates for several months. This is entirely justified by the U.S. economic data, the slowdown abroad, and the numerous risks that lurk. The Fed also gave some

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Getting the Facts Straight: Using the 199A Deduction

Alvina H. Lo |
Tax Reform
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An overview of an important presentation at the 53rd Annual Heckerling Institute on the new IRC 199A deduction. IRC §199A is a new income tax deduction from the 2017 Tax Cuts and Jobs Act which, if applicable, offers a maximum 20% deduction on qualified business income from pass-through entities. If the deduction is applicable, it

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