The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for “pass-through” entities.
Tag: pass-through entities
Big Changes for Pass-Through Entities
One of the most talked-about and Jobs Act is the 20 percent deduction on pass-through income from sole proprietorships, partnerships, S corporations, and LLCs. Because so many construction-related businesses are organized as pass-through entities, many contractors have greeted this provision with understandable enthusiasm.