For individual owners of pass-through entities, such as partnerships, limited liability companies (“LLCs”), business trusts, and S Corporations, Virginia’s elective Pass-through Entity Tax (“PTET”) offers potential federal...more
The Internal Revenue Code (“IRC”) Section 199A Qualified Business Income Deduction (“QBI Deduction”) generally provides a 20% deduction (or reduction) of a taxpayer’s qualified net business income received from a pass-through...more
2/7/2019
/ Business Taxes ,
Internal Revenue Code (IRC) ,
Pass-Through Entities ,
Qualified Business Income ,
Rental Income ,
Rental Property ,
Revenue Procedures ,
Safe Harbors ,
Section 199A ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Reform ,
Tax Returns