Are Dentist A Specified Service Business For Tax Purposes

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26 CFR § 1.199A-5 - Specified service trades or businesses and …

    https://www.law.cornell.edu/cfr/text/26/1.199A-5
    A direct or indirect owner of a trade or business engaged in the performance of a specified service is engaged in the performance of the specified service for purposes of section 199A and this section, regardless of whether the owner is passive or participated in the …

Professional Services: QBI Deduction for Specified Services …

    https://proconnect.intuit.com/taxprocenter/tax-law-and-news/professional-services-guidance-for-the-qbi-deduction-helps-define-specified-services/
    An specified service trade or business (SSTB) is a trade or business involving the performance of services in the fields of health, law, accounting, actuarial …

What is Specified Service Trade or Business (SSTB) - Intuit

    https://proconnect.intuit.com/support/en-us/help-article/tax-cuts-jobs-act/specified-service-trade-business-sstb/L7rY6HPWf_US_en_US
    Specified service trade or business is any trade or business providing services in the fields of: Health, including physicians, pharmacists, nurses, dentists, …

What Dentists Need to Know About the New Pass-Through …

    https://dentalsave.com/blog/dentists-new-tax-bill/
    Under the law, dentists are considered a specified service trade or business. Congress excluded service businesses from the deduction to prevent W-2 wage earners from …

Is my business an SSTB? - Intuit

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/business-taxes/business-sstb/L01V9UEkQ_US_en_US
    Businesses that are not SSTBs. Many single-owner and self-employed businesses are …

IRS Issues Guidance On Defining A Specified Service Business

    https://www.kitces.com/blog/sstb-specified-service-business-de-minimis-rule-crack-and-pack-80-50-rule-qbi-deduction/
    The primary purpose of the IRC Section 199A deduction for Qualified Business Income (QBI) was to provide a tax boon for businesses that hire and employ people to grow the US economy, but not to give a …

Service businesses that qualify for the 20% QBI deduction - The …

    https://www.thetaxadviser.com/issues/2018/dec/service-businesses-qbi-deduction.html
    1.Trades or businesses performing services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, …

Specified Service Trade or Business (SSTB) Definitions

    https://wcginc.com/kb/specified-service-trade-or-business-sstb-definitions/
    Specified service trades or businesses is the bane of the Section 199A existence in so many ways. Let’s start off with the definitions-. Traditional service …

20% qualified business income deduction for dental practice …

    https://www.dentistryiq.com/practice-management/financial/article/16367616/20-qualified-business-income-deduction-for-dental-practice-owners
    As a service-related business, dentist owners fall into one of three categories. 1. Full QBI deduction— If you are the owner of a pass-through dental practice with taxable income below $157,500 (single) or …

Facts About the Qualified Business Income Deduction

    https://www.irs.gov/newsroom/facts-about-the-qualified-business-income-deduction
    An SSTB is a trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial …

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