Posts Tagged ‘Trump tax reform’
Can 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 MorePrivate Equity and Venture Capital Firms Are Still Digesting Trump Tax Reform
The headlines leading up to passage of the new tax law were ominous. Changes requiring private equity and venture capital funds to hold investments longer to get a lower capital gains rate on carried interest — coupled with new caps on interest deductions — would create “prompt upheaval,” The Economist declared. Methods for valuing buyout…
Read MoreWill Tax Reform Make C Corps Cool Again?
By the end of the 1980s, closely-held C corporations mostly went the way of Members Only jackets and the Commodore 64. Pass-through entities have since become the tax structure of choice for most small to mid-size businesses. Could Trump tax reform alter that trend? A (Very) Brief History of Corporate Entities Sole proprietorships, partnerships, LLCs…
Read More