Christine Walizer, Author at The S Corporation Association

SCOTUS Punts on CTA Challenge

The Supreme Court today declined to hear two challenges to the Corporate Transparency Act, including NSBA v. Bessent, leaving in place an Eleventh Circuit ruling that upheld the law last year. The Court also denied review in Texas Top Cop Shop v. Blanche. S-Corp had backed both challenges, and earlier this year helped lead a broad Main Street coalition urging SCOTUS to take them up.

Today’s news is unfortunate, but the fight over the CTA is far from finished. Numerous legal challenges to the law remain pending, meaning the constitutional questions surrounding the CTA are likely to make …

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admin2026-10-05T20:52:36+00:00October 5, 2026|

Latest on Section 68

With Congress home for the elections, the opportunity for tax policy wins shifts to Treasury and the regulatory process. Here’s some good news on that front — Treasury’s Priority Guidance Plan unveiled this week highlights their plan to clarify the Section 68 haircut and its application to deductions particular to trusts and estates.

To recap, the new Section 68 contains a potential tax trap for trusts and estates that own S corporation shares and other assets. Our earlier piece included more detail on how we got here, but the bottom line is simple: if Section 68 applies to the …

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admin2026-10-01T20:53:33+00:00October 1, 2026|

CRS Exposes the Parity Gap

A new report from the Congressional Research Service (CRS) puts fresh numbers behind a point we’ve made for a decade: Section 199A is essential to keeping pass-through businesses competitive with their C corporation counterparts.

The report examines the effects of increasing the Section 199A deduction from its current 20 percent to 25 percent, which was floated as part of last year’s tax bill debate. CRS modeled that proposal to see how it would affect marginal effective tax rates on new business investment. Their chart shows the results:

As noted, Marginal …

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admin2026-09-29T16:39:30+00:00September 29, 2026|

S-Corp in the Examiner

S-Corp President Brian Reardon is out with an op-ed in the Washington Examiner taking a closer look at The Everywhere Millionaire, the new book highlighting America’s surprisingly large population of successful, self-made business owners. As he writes:

At its core, the book includes dozens of supportive profiles of people who built up great family businesses, often in the most unlikely of places and industries. Who knew you could start a billion-dollar business with a hot dog cart in a parking lot? The founder of the Chicago restaurant chain Portillo’s did that. Other fun profiles include Buc-ees, Outback Steakhouse, and Bass Pro Shops.

The founders …

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admin2026-09-28T17:47:25+00:00September 28, 2026|

Americans Trust Main Street

A new Gallup survey has prompted another round of debate over capitalism versus socialism. The headline number is striking: 43 percent of Americans now view socialism positively, the highest share recorded.

Yet socialism still trails capitalism, which 55 percent view positively, and free enterprise, at 77 percent. Small business leads the field by a wide margin, earning a positive rating from 95 percent of Americans. Big business is the outlier at 35 percent.

Chamber of Commerce President Suzanne Clark was on Squawk Box earlier this week as part of their Free Enterprise Tour.

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admin2026-09-25T17:27:31+00:00September 25, 2026|