/Tag: pass through entities

Final regulations and guidance for QBI deductions come from the IRS just in time

By |2020-04-06T22:52:41+00:00February 1st, 2019|Categories: Blog|Tags: , , , , , , , , |

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction for smaller businesses that operate as pass-through entities, with income that is “passed through” to owners and taxed as [...]

Understanding the benefits for pass through entities under the TCJA

By |2018-04-10T18:06:20+00:00April 10th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: , , , , , , |

The Tax Cuts and Jobs Act (TCJA) has been touted for cutting the corporate tax rate, but the law also contains some valuable goodies for smaller businesses that operate as pass through entities, including partnerships, limited liability companies, S corporations and sole proprietorships. These businesses stand to see their tax liabilities fall significantly, but [...]

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