Section 199A – Qualified Business Income Deduction (QBID)
Qualified Business Income Deduction (QBID) – Rental Enterprise The Tax Cuts and Jobs Act of 2017 (TCJA) provides the most significant tax legislation changes in the United States for the last 30 years. Due to the nature & quantity of the tax changes, the IRS continues to provide final guidance on matters into 2019. The […]
US Corporation: S-Corp
An S corporation (also referred to as an S-Corp) is a special type of corporation created through an IRS tax election. An eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation. An S corp is a corporation with the […]