Home / Expert Opinion / Keeping Your Balance: New tax law provides significant deduction on pass through income for certain entities

Keeping Your Balance: New tax law provides significant deduction on pass through income for certain entities

On Dec. 22, 2017, President Trump signed sweeping tax reform (Act) into law. The Act provides the most comprehensive update to the tax code since 1986 and includes a number of provisions of particular interest to pass through entities and their partners. This article addresses the Section 199A deduction for qualified business income of pass-through ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*