20% Pass-Through Deduction on Qualified Business Income
There have been quite a few recent tax reforms including the tax rate changes for Corporations. Now as part of the Tax Cuts and Jobs Act - Provision 11011 - Section 199A, the IRS has also published the FINAL GUIDANCE on the "20% Pass-Through Deduction" for pass-through businesses which takes effect immediately for the 2018 tax year. Do you know if and how this might benefit your business? Contact us now and a member of our team would guide you.