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
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Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).
Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction.
Several elections are available to an S corporation or its shareholders that can affect the basis adjustments caused by distributions and other events.
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.