Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
Nine Tax Rules for Sole Proprietors
Tag: Pass Through Deduction
QBI Deduction Basics and How to Qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).
10 Facts About the Pass-Through Deduction for QBI
Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction.
4 S Corp Elections that Affect Basis
Several elections are available to an S corporation or its shareholders that can affect the basis adjustments caused by distributions and other events.
Rental Real Estate Highlight: 20% Pass-Through Deduction
The IRS has issued regulations on the 20% Pass-Through Deduction. This article explains the deduction, the Safe Harbor requirements and what forms to file.