Tax Notes Today Legal Reporter Eric Yauch discusses the final section 199A regulations and the IRS's FAQ on the application of the new passthrough deduction.

For additional coverage, read these articles in Tax Notes:

•  IRS Sneaks ‘Nasty Surprise’ Into Expanded 199A FAQ
• Business Separation Under 199A Remains a Mystery
• Whether a Taxpayer Qualifies for 199A Depends on Who You Ask
• What Constitutes a Triple Net Lease for the 199A Safe Harbor?
• Rental Owners Realizing 199A Complexity as Filing Season Advances
• Separate Business Language Tweaked in Final 199A Regs
• Final 199A Rules Provide Answers to Some Structuring Questions