Tax Policy - The S Corporation Association

The Reasonable American

The progressive Economic Policy Institute is out with a menu of tax hike options it hopes policymakers will consider. The paper and the related Politico interview are worthy of a response.

“A lot of people assume the public is anti-tax. But they might just be very annoyed because they think the wealthy are avoiding their obligations,” said Josh Bivens of EPI, the author of the report…

“Might” taxpayers be “annoyed” because they “think” the wealthy are avoiding their obligations? A lot of fudge factors in that sentence. Certainly the latter point rings true — polling consistently shows that Americans believe …

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admin2025-11-25T15:20:19+00:00November 25, 2025|

The Big Winners in OB3 (Part 2)

Tuesday’s election results underscore the importance of redoubling efforts to help voters understand the benefits delivered to them by the One Big Beautiful Bill (OB3).

It’s not like we don’t have lots to work with here. For example, our friends at EY recently broke out revenue estimates of the bill’s major provisions in a Tax Notes article. Their findings support S-Corp’s observation that most of OB3’s benefits went to middle-income families and family-owned businesses engaged in traditional Main Street industries.

Here’s the report:

Of the estimated net $4.5 trillion decrease in taxes from 2025-2034, this analysis estimates that OBBBA provisions will …

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admin2025-11-06T16:59:54+00:00November 6, 2025|

Talking Taxes in a Truck Episode 45: Piper Sandler’s Don Schneider on OB3’s Big Refunds

S-Corp highlighted a recent report by economist Don Schneider quantifying the tax relief millions Americans can expect in the next year as a result of the OB3. It’s a big number, so we invited Don, the Deputy Head of US policy at Piper Sandler, to explain why this could be the biggest refund season ever. Don also reviews the future of tariffs (and why they’re likely here to stay even if courts weigh in) and shares his thoughts on why the government shutdown might end in early November.

This episode of the Talking Taxes in a Truck podcast was recorded …

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admin2025-10-22T17:36:13+00:00October 22, 2025|

IRS Audits and Pass-Throughs

Tax Notes ran an article this morning on the status of the 2-year-old IRS exam unit dedicated to passthrough entities. Spoiler alert – with all the chaos over funding, leaks, investigations, and government shutdowns, it hasn’t got its footing yet. Here’s Tax Notes:

Initially unveiled in September 2023 as part of a broader compliance initiative focusing on wealthy taxpayers, the LB&I exam unit is responsible for starting all exams of passthroughs — partnerships, S corporations, and trusts — regardless of the entity’s size. The unit is supposed to help streamline workflows and boost the agency’s audit coverage of partnerships — entities that …

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admin2025-10-20T18:40:58+00:00October 20, 2025|

The Big Winners in OB3

For the Main Street business community, the benefits of the One Big Beautiful Bill (OB3) are clear – the bill kept our tax rates low, made permanent the 20-percent small business deduction, and retained full deductions for the state and local taxes we pay on our pass-through business income.

Cumulatively, these provisions will save pass-through business owners more than $100 billion a year. That’s real money they can invest right now in new equipment, new workers, and higher wages.

The case for family tax relief in OB3 is just as strong. As we’ve noted, provisions benefitting middle-income families – including the …

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admin2025-10-16T18:46:57+00:00October 16, 2025|