There’s no reason advisors should be excluded from the 20% pass-through tax deduction that other professions enjoy as a result of the Tax Cuts and Jobs Act of 2017, Financial Services Institute (FSI) ...

A collective of financial services organizations is urging Congress to extend and expand the Section 199A tax deduction, arguing that it currently disadvantages independent financial advisors relative ...

Washington, D.C. — The 2017 tax cuts, signed into law by then-President Donald Trump and enacted with no Democratic support, made deep cuts to personal, corporate, and estate taxes that were heavily ...

The Senate made adjustments in the text of the massive One Big Beautiful Bill to preserve the state and local tax deduction for pass-through entities such as accounting firms and law firms, ...

As part of the Tax Cuts and Jobs Acts passed in December of 2017, IRC Section 199-A was created, which allows owners of small businesses -- including partners, owners of S corporations and sole ...

With the fate of many expiring provisions of the Tax Cuts and Jobs Act hinging on this year's election, one particularly controversial deduction for certain business owners is in flux. Backers argue ...

A significant but complicated tax deduction for business owners that could expire at the end of next year has delivered savings for some — especially the wealthiest owners. Its impact on jobs and ...

Qualifying businesses, including LLCs, partnerships, and S corps, currently receive a 20 percent income tax deduction, a move that was meant to level the playing field between those businesses and ...

Forbes contributors publish independent expert analyses and insights. I cover changes and new developments in the federal tax law. Oct 09, 2024, 08:00am EDT Oct 28, 2024, 09:15am EDT With the ...