Section 199A Update: The 20% Pass-through Deduction
RSVP TO JANUARY SPEAKER MEETING
We kickoff 2019 with Richard Comiter with a program addressing tax strategies for pass-through entity clients. The new 20% tax deduction for qualified business income (QBI) provides valuable tax savings for many pass-through business entities—except for those categorized as “service businesses” with income that exceeds certain threshold levels. Service business owners who earn too much may miss out on the 20% QBI deduction entirely if they earn above the applicable thresholds.
Fortunately, planning strategies have already emerged to allow these business owners to reap the benefits of the new deduction. Please join us for a program with Richard Comiter, as he highlights specific strategies for pass-through entity clients.