Posts Tagged ‘Pass-Through Deduction’
Critical Decision: State Pass-Through Entity Tax Elections
At a glance Schedule a consultation with Aprio The full story: Over the past year, we have been following the pass-through entity (PTE) taxes that have been enacted in a little over 30 states and how they could affect businesses across the country. As a follow-up to our webinar on the topic, which took place…
Read MoreCan Doctors and Lawyers Take the 199A Pass-Through Deduction? Well, It Depends…
There’s a lot of hype about tax reform’s new pass-through deduction that lets taxpayers deduct 20% of the income from entities such as limited liability companies and partnerships, but many people won’t be able to take advantage of it. The new pass-through deduction provision in section 199A of the tax code was meant to allow…
Read MoreRestaurateurs, Hoteliers See Boon in 20% Tax Reform Pass-Through Deduction
The owners of restaurants, hotels and other franchise and hospitality businesses will soon be more flush thanks to the 20% income deduction provision of the new tax reform law. Congress hopes that will spur creation of new jobs and capital expenditures, especially in the restaurant, hotel and hospitality industry, where the wages typically paid by…
Read MoreSome Technology Companies See Benefit in 20% Tax Reform Pass-Through Deduction
The owners of certain technology and software companies will soon see the benefits of the new 20% income deduction provision of tax reform. Section 199A of the Tax Cuts and Jobs Act is meant to give pass-through entities such as limited liability companies, S corporations, sole proprietorships, partnerships and trusts a reduction in effective tax…
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