The U.S. Internal Revenue Service (IRS) released guidance on a large number of Sec. 199A issues, including the eagerly awaited final Sec. 199A regulations. The IRS also issued new proposed regulations on how to treat previously suspended losses and how to determine the deduction for taxpayers that hold interests in regulated investment companies (RIC), charitable remainder trusts (CRT), and split-interest trusts. The guidance also includes a notice that provides a safe-harbor rule for rental real estate businesses and a revenue procedure on calculating W-2 wages. Read more at the Journal of Accountancy.