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Home / Columns and Features / IRS issues guidance on passthrough deduction (access required)

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 owners of non-corporate entities with benefits similar to the reduced tax rates for corporations. Determining who would receive the benefit—already a feast of complexity under a law riddled with exceptions and special rules—was made more complex ...

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IRS revises offshore voluntary compliance protocol (access required)

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