Christine Walizer, Author at The S Corporation Association

Revisiting the Myth of Corporate Decline

In 2019 we dismantled the claim that the corporate sector was withering away and that those pesky pass-throughs were to blame. Seven years on, the numbers have only made our case stronger.

Corporate profits hit $4.42 trillion last quarter on an annualized basis, while their after-tax profits reached 12.4 percent of GDP, the second-highest reading in decades. C corps aren’t going away; they are consolidating and getting larger.

Which is why we continue to focus on the need for balance between public companies and private ones, and how the tax code’s treatment of each determines whether Main Street can …

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admin2026-08-13T19:11:32+00:00August 13, 2026|

Backdoor BOI

Yesterday’s final rule eliminating BOI reporting requirements for US persons or entities is a big win, but the fight over the Corporate Transparency Act is far from settled. Congress is considering legislation that would provide permanent relief for Main Street, while the Supreme Court will decide soon whether to hear a constitutional challenge to the law.

On the other hand, proponents of this unprecedented information grab have not abandoned their cause and appear to be pursuing beneficial ownership reporting one industry at a time. For now, they’ve turned their attention to health care.

The Senate HELP Committee recently advanced …

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admin2026-08-12T14:25:35+00:00August 12, 2026|

Big Win on CTA!

Good news for the lazy days of summer! The Trump Treasury Department has finalized its revised beneficial ownership information (BOI) reporting rule and committed to permanently deleting the sensitive personal data prematurely collected from millions of U.S. business owners. This is a significant victory for Main Street and the latest chapter in our years-long fight against the Corporate Transparency Act.

Treasury estimates the rule will generate $9 billion in annual compliance savings. That’s a huge sum, but it doesn’t account for the funds Main Street businesses have already spent trying to decipher this unnecessary rule. This reply to S-Corp ally …

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admin2026-08-11T23:13:23+00:00August 11, 2026|

Who You Calling Progressive?

One of the of the more entertaining aspects of today’s election news is the insistence on branding Abdul El-Sayed, the hard-left winner of yesterday’s Michigan Democratic Senate primary, a mere “progressive.” Meanwhile, his more traditionally progressive opponent, Haley Stevens, has been recast as a “moderate.” More moderate than El-Sayed, certainly, but…

With that as a conversation starter, here are some take-aways from yesterday’s remarkable primary election.

The Goal Posts Have Shifted

The most obvious take-away is how the goal posts have shifted on what counts as “mainstream” these days. The New Republic published this eye-opening piece just yesterday about how Senator John …

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admin2026-08-05T23:12:00+00:00August 5, 2026|

199A Trigger Warnings

Tax writers need to put a trigger warning on future 199A discussions, particularly for DC tax experts. It appears they are highly sensitive to the topic.

For example, in response to Ways and Means Chairman Jason Smith’s recent support for increasing the 199A deduction to 25 percent, AEI’s Kyle Pomerleau posted some thoughts that, on the surface, appear to make sense:

Pass-through businesses are already tax advantaged. Although C corporations face a 21 percent corporate tax rate, their profits are also subject to the individual income tax when distributed to shareholders. After considering various tax provisions that reduce the …

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admin2026-07-31T12:45:50+00:00July 31, 2026|