‘Qualified Business Income’ and You

One of the truly new aspects of the tax code signed into law by President Trump is the 20% deduction available to “pass-through” businesses (i.e. LLPs, LLCs, and S-corps). It was a centerpiece of the tax bill, and one which most small business owners have heard about. Nevertheless, it warrants a lot of explanation because it is a lot more complex than it sounds.

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