On 10/22/24, the IRS announced that is has officially commenced operations of the newly established pass-through field operations unit within its Large Business and International (LB&I) division, ...

As part of Ohio Senate bill 246, passed by the General Assembly and signed by Gov. Mike DeWine, certain Ohio businesses are now able to pay and deduct at the entity level income tax that was ...

The Tax Cuts and Jobs Act (TCJA) of 2017 provides a tax deduction to owners of a business that qualifies as a pass-through entity. The provision is scheduled to last until the end of 2025, but ...

SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

When entrepreneurs are deciding on the type of business structure applicable for their business, one of the most important things to consider is taxes. Tax treatments differ according to the structure ...

The Connecticut Department of Revenue Services released guidance this week on the recently enacted Pass-Through Entity Tax Credit, which state lawmakers approved this spring as a way to get around ...

Tax reform is here to stay. Most of the recent talk has centered on pass-through entities like S corporations and partnerships. These tend to be the preferred entity structures for small companies.