Article Date:
January 2018

Word Count:



Tax Reform Sticks It to Doctors, Lawyers, Athletes, Traders, and Others

If you operate what lawmakers call a “specified service trade or business” and you make too much money, your 20 percent tax deduction under new tax code Section 199A will be zero.


This out-of-favor “specified service trade or business” group includes any trade or business1



involving the performance of services in the fields of health, law, consulting, athletics, financial services, and brokerage services; or


where the principal asset of such trade or business is the reputation or skill of one or more of its employees or owners; or


that involves the performance of services that consist of investing and investment management trading, or dealing in securities, partnership interests, or commodities. For this purpose, a ... Log in to view full article.

Log in to view full article
Already a subscriber?
Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee