The OBBBA has made the 20% Qualified Business Income (QBI) deduction permanent. Learn what this and other 2026 tax changes ...

With the fate of many expiring provisions of the Tax Cuts and Jobs Act hinging on this year's election, one particularly controversial deduction for certain business owners is in flux. Backers argue ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Selecting the right business entity structure is an ...

Tax affecting the earnings of pass-through entities remains one of the thorniest valuation issues: There’s no clear guidance ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

The 2017 tax reform legislation fundamentally changed the tax treatment of pass-through business entities through the enactment of Section 199A. The 20% deduction for qualified business income (QBI) ...

On 10/22/24, the IRS announced that is has officially commenced operations of the newly established pass-through field operations unit within its Large Business and International (LB&I) division, ...

For 2025, the Section 199A deduction for qualified business income, or QBI, is worth up to 20% of eligible revenue, with some limitations. This applies to so-called pass-through businesses, including ...

Forbes contributors publish independent expert analyses and insights. I cover changes and new developments in the federal tax law. Oct 09, 2024, 08:00am EDT Oct 28, 2024, 09:15am EDT With the ...

Financial advisors structured as pass-through entities—and the clients they serve—are keeping a trained eye on how lawmakers plan to handle the state and local tax (SALT) deduction workarounds for ...