by Matt Engelmann | Oct 14, 2018 | Uncategorized
If at all possible, you want to qualify for the 20 percent tax deduction offered by new tax code Section 199A to proprietorships, partnerships, and S corporations (pass-through entities). Basic Rules—Below the Threshold If your taxable income is equal to or below the...
by Matt Engelmann | Oct 10, 2018 | Uncategorized
If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your Section 199A deduction is easy to compute. It’s zero. This...
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