From The Washington Wire

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... 


More Debate over SALT

The same week our Parity for Main Street Employers group released its model pass-through SALT reform bill, critics of state SALT fixes fired a couple salvos that are worth noting.  First, the IRS announced it plans a new rule putting the kibosh on the... 


Connecticut Moves on SALT Fix for Pass-Throughs

When the dust settled on last year’s tax overhaul, pass-through businesses were confronted with new rules for deducting State and local taxes – if they paid the taxes at the entity level, they could deduct them.  If the taxes were paid at the owner... 


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