Michigan Gov. Gretchen Whitmer signed legislation on December 20, 2021, allowing Michigan pass-through entities to elect to pay a newly enacted 4.25% income tax and for the owners of those entities to ...

The Tax Cuts and Jobs Act (TCJA) forces taxpayers to reconsider whether business ventures should be conducted as a traditional C corporation or as a pass-through entity (sole proprietorship, ...

The Tax Cuts and Jobs Act (TCJA) of 2017 provides a tax deduction to owners of a business that qualifies as a pass-through entity. The provision is scheduled to last until the end of 2025, but ...

What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...

Last fall, the IRS announced, with respect to pass-through entities (LLCs or other entities taxed as partnerships or S corporations), that, if state law allows or requires the entity itself to pay ...

As part of Ohio Senate bill 246, passed by the General Assembly and signed by Gov. Mike DeWine, certain Ohio businesses are now able to pay and deduct at the entity level income tax that was ...

Gov. Kathy Hochul was right to defend New York's PTET credit, and lawmakers in Albany should reject it as a policy option ...

In their Real Estate financing column, Ezra Dyckman and Charles Nelson discuss New York's new pass-through entity tax regime which can provide a significant federal tax benefit to businesses owned ...

The Connecticut Department of Revenue Services released guidance this week on the recently enacted Pass-Through Entity Tax Credit, which state lawmakers approved this spring as a way to get around ...

Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and ...

If you’ve had your head buried in the sand, or just decided you were not going to follow all the potential federal tax law changes, you’ve chosen wisely. Between the Biden Green Book proposal, the ...