January 22, 2018

Spotlight on Pass-Through Entities under the Tax Cuts and Jobs Act

The federal income tax treatment of business entities has changed dramatically under the new tax law. For tax years beginning after December 31, 2017, C corporations will pay a 21% flat tax rate. Meanwhile, income from pass-through businesses will still be taxed at the owners’ rates but owners will get a valuable new tax deduction. So which type of entity is best under the new rules?

Full Article