Christine Walizer, Author at The S Corporation Association

Millions of Jobs at Risk without Section 199A

Today, S-Corp released its latest study in support of the Section 199A deduction for small and family-owned businesses. Authored by Robert Carroll at EY, the study focuses on the economic footprint of the 199A deduction and answers the question: “Just how much economic activity is supported by Section 199A?”

You can access the full report here: As it states:

This report estimates the US economic activity – jobs, employee compensation, and gross domestic product (GDP) – supported by the Section 199A deduction in 2024. Specifically, this analysis provides a snapshot of the economic activity supported at businesses directly benefitting from the …

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admin2024-10-10T15:42:09+00:00September 9, 2024|

Main Street Backs Bipartisan CTA Delay Bill

Today the S Corporation Association joined with 150 of its trade association allies to support legislation to delay the Corporate Transparency Act’s year-end reporting deadline.

The bill, H.R. 9278, was introduced by Iowa Congressman Zach Nunn (R) and enjoys bipartisan support. Its purpose is straightforward – provide much-needed relief to tens of millions of small businesses and other entities subject to the CTA’s reporting requirements. As the letter notes:

The CTA is unique in that it explicitly targets the very companies least equipped to shoulder its regulatory burdens. Among its various exemptions, the statute includes a carve out for entities whose …

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admin2024-09-04T13:04:29+00:00September 3, 2024|

North Carolina Roundtable Highlights 199A

Earlier today members of the Main Street Employers Coalition met for a roundtable event in Greenville, North Carolina, hosted by Congressman Greg Murphy. The gathering was part of a broader House Ways & Means Committee initiative to solicit input from the business community as lawmakers develop legislative solutions to avert the 2025 fiscal cliff. It also comes on the heels of similar events with Congressman Smucker in Pennsylvania and Congressman Steube in Florida.

The event took place at East Carolina University and drew a diverse group of local business …

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admin2024-08-22T18:31:20+00:00August 22, 2024|

Talking Taxes in a Truck Episode 39: Ken Kies

Our guest this week is Ken Kies — Managing Director of the Federal Policy Group, a former Chief of Staff at the JCT, and one of DC’s foremost tax policy experts. Ken discusses the looming “fiscal cliff” and what it means for pass-throughs, outlines the long-term fiscal imbalance we face, and shares his best marathon training tips.

This episode of Talking Taxes in a Truck was recorded on August 5^th, 2024, and runs 38 minutes long.

admin2024-08-07T14:58:46+00:00August 7, 2024|

Smucker Leads 199A Roundtable in Pennsylvania

Yesterday, S-Corp and its Main Street allies headed to southern Pennsylvania for a Tax Team event hosted by Representative Lloyd Smucker. Smucker represents the state’s eleventh congressional district and also serves as the Chair of the Main Street Tax Team. Yesterday’s event was part of the process initiated by Ways & Means Chairman Jason Smith (R-MO) to create various Tax Teams tasked with identifying legislative solutions to avert the 2025 fiscal cliff.

Attended by several dozen local business owners, congressional staff, press, and national trade association representatives, the event kicked off …

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admin2024-08-02T12:32:46+00:00August 2, 2024|