From The Washington Wire

Proposed 199A Rules Released

It’s not late Friday afternoon, so why is Treasury releasing important new rules on the pass-through deduction?  We’re not sure, but we like it! The rules themselves look pretty good too, and our members’ initial reaction to the rules was mostly... 


Pass-Through Parity Briefing

The S Corporation Association participated in a Hill briefing Tuesday highlighting new work for Ernst & Young on the challenge of establishing parity for pass-through taxation. The analysis, authored by Robert Carroll of EY, focused on all the complexities... 


S-Corp’s New York SALT Comments

Today the S Corporation Association submitted comments to the New York Department Taxation and Finance on their proposed SALT fix for partnerships. Following hard on the heels of the new Connecticut SALT fix, New York asked stakeholders for feedback on... 


Tax Breaks for Job Creators

Center for Budget and Policy Priorities (CBPP) got itself into a lather the other day noting that the new, 20-percent deduction for pass-through businesses will reduce revenues by twice what the federal government spends on Pell Grants. What’s the link... 


Mass S-Corp Conversions? Not Yet, But Wait ‘til the Deduction Expires

The headline is eye-grabbing, but what does it mean? A new study by Penn Wharton predicts a “mass conversion” of pass-through businesses to C corporation under the new tax law.  Specifically, the study finds that 235,780 pass-throughs representing... 


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