Calculator Helps Lawyers Determine Qualified Business Income/Pass-Through Business Income Deduction Under New Tax Law

By┬áJim Skorheim The Tax Cuts and Jobs Act of 2017 made expansive changes to our federal tax laws. The key tax benefit for businesses owned by individuals is the Qualified Business Income (QBI) Deduction, also known as the Pass-Through Business (PTB) Income Deduction. Taxpayers that have business interests in sole proprietorships, partnerships, LLCs, S-corporations, rental … Continue reading Calculator Helps Lawyers Determine Qualified Business Income/Pass-Through Business Income Deduction Under New Tax Law