Section 199A Flowchart Example

By |2020-01-04T22:36:51-05:00January 4th, 2019|Individual Income Tax, Tax Cuts & Jobs Act|

Beginning 2018, eligible taxpayers may be entitled to up to a 20 percent deduction from Qualified Business Income, thus lowering their taxable income and federal tax due. This law was passed to help some small business entities receive a similar tax break as the “C” Corporations are receiving.  Below is [...]