Do Consultants Qualify for Qbi?

Trying to understand how do Consultants Qualify for Qbi impacts your daily choices? Find the full explanation with up-to-date information.

The proposed regulations define consulting as providing “professional advice and counsel to clients to assist the client in achieving goals and solving problems” (Prop. Regs. Sec. 1.199A-5(b)(2)(vii)). Additionally, consulting also includes advice and counsel related to lobbying efforts (id.).