Pass-through entities

The Senate made adjustments to preserve the state and local tax deduction for pass-through entities such as accounting firms.

The institute is asking lawmakers to change provisions on SALT deductions for pass-through entities, contingency fees for tax prep, and business loss carryforwards.

The American Institute of CPAs is asking accountants to call on congressional representatives to stop "unfair targeting" of pass-throughs like CPA firms.

Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.

Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

There are ways the business owners can continue to operate in the other states.

The Internal Revenue Service is looking to boost its historically low audit rates for complex arrangements.

Whether someone incorporates their business now as the year comes to a close or waits until the new year can affect their company in various ways.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.

The wealthiest 1% of taxpayers may soon find themselves in the crosshairs of an expert group of agents.

Significant tax and legal issues may be triggered with some types of estate planning arrangements.

From more agents to the deployment of AI, the service is directing resources where the money is.

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

Jackpot tax bite; still a hard world; it's your time; and other highlights from our favorite tax bloggers.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

At some point in a business's lifetime, it may make sense to change its legal business structure.

As clients decide on the business entity type that will offer the most advantages — legally and financially — they'll have much to consider.

Correct accounting, tax preparation and reporting in the cannabis industry requires proper operational setup and processes, expertise and tools.