Ways & Means Draft Strengthens S Corps
The Ways & Means Committee today released another in a series of “discussion drafts” outlining their plans for tax reform. This latest draft focuses on how to tax pass-through businesses — those businesses organized as S corporations, partnerships, and sole proprietorships — under a reformed code.In response to the draft, the S Corporation Association today released the following statement:
“The S Corporation Association strongly applauds Chairman Camp and the Committee for their efforts.
The Chairman is committed to a comprehensive reform of the tax code, and he’s made clear that the Committee intends to conduct this reform in a transparent and …
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