OMB’s Review of 199A Regulations to Be Completed in Ten days
Last week, the Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) received draft proposed computational section 199A regulations from Treasury. OIRA’s expedited deadline for this review is ten business days after receipt of all necessary information, subject to extension as agreed with Treasury. Guidance sent to OIRA is generally subject to a 45-day review period.
Read more: OMB Review of Passthrough Deduction Regs is Underway