Tax Reform

Qualified Business Income Deduction for Pass-Through Businesses

Qualified Business Income Deduction for Pass-Through Businesses

Individual taxpayers and certain trusts and estates may be entitled to a deduction of up to 20% of their QBI from a trade or business, including income from a pass-through entity, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.

Tax reform changes affecting small businesses

Tax reform changes affecting small businesses

With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the new tax law changes may affect them.

IRS offers guidance on recent 529 education savings plan changes

IRS offers guidance on recent 529 education savings plan changes

The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.

Tax Reform, Second Round

Tax Reform, Second Round

The Tax Cuts and Jobs Act (TCJA) was passed in December of 2017, with many of the provisions taking effect in 2018. Now, Congress is pushing for more - what they’re calling “Tax Reform 2.0.”