If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).
Several elections are available to an S corporation or its shareholders that can affect the basis adjustments caused by distributions and other events.
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
The IRS has issued regulations on the 20% Pass-Through Deduction. This article explains the deduction, the Safe Harbor requirements and what forms to file.