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Form 199 General Instructions

Form 199 General Instructions

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Instructions and help about Form 199 General Instructions

hey everyone my name is sherman a cpa here at life accounting where we help you save on taxes and increase your wealth today i'm going to help you do this by explaining how you can lower your taxable income by taking the 20 qbi tax deduction which stands for qualified business income if you are eligible for this tax deduction then it will allow you to deduct up to 20 of your business income which can save you thousands of dollars in taxes i am going to summarize all of the major details in this brief video so you don't have to spend hours of your time trying to figure out how this deduction may apply to you which can save you some big money here so go ahead and help me out by giving this video a thumbs up and if you don't want to miss out on more videos and ways to save on taxes then be sure to subscribe to our channel [Music] now the tax deduction is available to owners of sole proprietorships partnerships llcs and s corporations the deduction allows you to deduct up to 20 of your qua

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