The One Big Beautiful Bill creates and/or modifies a number of tax rules that impact taxation of business income, including the permanent extension of the 20% pass-through deduction under Section 199A ...

Year-end trader tax tips under OBBBA: maximize 2025 deductions, optimize S-Corp wages, use PTET, and plan now to lower taxes ...

The 2017 Tax Cuts and Jobs Act (TCJA) introduced Section 199A. This provision, scheduled to expire next year, provides owners of “pass-through” businesses a 20 percent deduction for qualified business ...

In this fourth installment of my multi-part series on the One Big Beautiful Bill Act (the “Act”), Steve Nofziger and I discuss a provision of the Act that impacts pass-through business entities and ...

An agreement to revise Section 199A tax reform language, which currently gives farmers a financial incentive to sell through cooperatives, has been reached by lawmakers. According to Pro Farmer’s ...

The entrepreneurial spirit is foundational to the American identity. Millions of Americans follow their passions every day as small-business owners in our nation’s free enterprise system, which has ...

(1) 9.41% of these amounts are also reported as Section 897 ordinary dividends attributable to dispositions of U.S. Real Property Interests (Box 2e). (2) Qualified Dividends (Box 1b) and Section 199A ...

The IRS released guidance on the Section 199A qualified business income deduction on August 8th. Our panel will discuss the IRS guidance and planning opportunities and challenges that it creates. This ...

(Washington, D.C., January 12, 2018) – The U.S. Department of Agriculture’s (USDA) Under Secretary for Marketing and Regulatory Programs Greg Ibach today issued the following statement regarding ...