Home / Columns and Features / Parsing the passthrough deductions under the Tax Cuts and Jobs Act (access required)

Parsing the passthrough deductions under the Tax Cuts and Jobs Act (access required)

As part of the Tax Costs and Jobs Act, Congress created a new and much publicized passthrough deduction, designed to provide owners of non-corporate entities with benefits similar to the reduced tax rates for corporations. The new rule can provide material benefits, especially for taxpayers in certain industries. It is also a feast for the tax ...

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IRS issues guidance on passthrough deduction (access required)

As part of the Tax Cuts and Jobs Act, Congress created a new and much-publicized passthrough deduction, designed to provide ...