Tax
Aug. 31, 2018
Guidance lists ‘winners’ and ‘losers’ of new pass-through tax break
Earlier this month, the Internal Revenue Service issued sweeping proposed regulations for the pass-through entity tax break outlining those who are eligible for the deduction — specifically identifies the winners and losers.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
The new 20 percent tax break for pass-through entities -- which make up more than half the businesses in this country -- was one of the most significant changes introduced in the tax overhaul enacted at the end of last year. Earlier this month, the Internal Revenue Service issued sweeping proposed regulations for this tax break outlining those who are eligible for the deduction -- specifically identifies the winners and losers.
Gene...
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