08/14/2018

IRS Cracks Down on Small Business Tax Breaks

What it could mean for you and your members

If your accountant told you to hold off on taking big steps to qualify for the new business owner tax break, you should thank him or her.

That's because your certified public accountant (CPA) just saved you a big headache.

On August 8, 2018, the Internal Revenue Service (IRS) proposed a new rule, addressing the 20 percent qualified business income deduction. This is a break for so-called pass-through entities, including sole proprietorships and S-corporations.

Please select this link to read the complete article from NBC.