Christine Walizer, Author at The S Corporation Association

Full Court Press on CTA

Today’s piece by the Washington Post Editorial Board is a helpful reminder that while the Corporate Transparency Act has been knocked down in the past year, the fight continues. As the Post summarizes, the CTA deserves to be repealed:

At a practical level, the law is ineffective because it adds a new reporting requirement to stop behavior that is already illegal. The businesses that would abide by the Corporate Transparency Act already follow the law, while criminals would ignore it or get around it.

In the meantime, the federal government will amass a database of millions of small businesses, as well …

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admin2026-04-20T18:26:00+00:00April 20, 2026|

Talking Taxes in a Truck Episode 49: Ryan Ellis on Selling the WTFC, Reconciliation 2.0, SALT Games, and More

Tax season is in full swing, and on this episode we’re joined again by Ryan Ellis, who brings a front-line perspective to the discussion as an IRS Enrolled Agent. His message is a timely one: Americans are benefiting in a big way from the Working Families Tax Cut Act, but too often don’t connect those lower tax bills to the policy changes enacted last year, an important reminder as we head into a midterm cycle and a top priority for our Main Street Employers Coalition’s ongoing outreach. From there, Ryan breaks down the outlook for “Reconciliation 2.0,” before turning …

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admin2026-04-10T19:35:18+00:00April 10, 2026|

New York’s SALT Follies

As the NY State Assembly extends the debate over its budget, here’s more on the SALT Parity “haircuts” included in their plan. These haircuts will hurt thousands of small and large New York pass-throughs, accelerate the “highest in the nation” taxpayer migration out of the state, and give credence to the PTET critics. In other words, they’re a really bad idea.

S-Corp initiated its SALT Parity campaign to level the playing field with large public C corporations. Under the federal SALT cap, C corporations continue to deduct their SALT whereas most of the state and local taxes paid …

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admin2026-04-09T14:07:59+00:00April 9, 2026|

The Main Street Case for the Working Families Tax Cuts

A broad coalition of Main Street organizations is making the case for the Working Families Tax Cut Act and what it means for the businesses that drive the American economy.

Earlier today, around 100 trade associations signed onto a letter thanking lawmakers for enacting the historic tax relief last year. The letter was organized by our Main Street Employers Coalition and highlights the bill’s real, lasting benefits to the pass-through businesses that employ the majority of private sector workers:

Making permanent lower marginal rates and the Section 199A small business deduction were key to the success of the bill. Those provisions …

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admin2026-04-06T19:21:00+00:00April 6, 2026|

Hochul’s Comments in Perspective

Not to beat a dead horse, but the Governor of New York’s comments to Politico the other day are worth reviewing, if only for what they reveal about the mental state of certain political leaders. Viewing productive, successful businesses as “captives” to the tax code doesn’t strike us as the basis of a healthy relationship.

It’s also not the basis of a healthy economy. As evidenced by this nice map, New York is bleeding taxpayers and revenues and, judging from the Governor’s remarks, that’s not likely to change anytime soon.

So …

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admin2026-03-24T15:07:42+00:00March 24, 2026|