In our last post we mentioned that the IRS had finally released the draft instructions for the new Form 8995 (used to calculate the Section 199A Qualified Business Income deduction). In the ...

High-earning business owners now have an opportunity to take a massive tax deduction thanks to the One Big Beautiful Bill Act. Still, they may have to implement some financial planning advice to ...

A significant but complicated tax deduction for business owners that could expire at the end of next year has delivered savings for some — especially the wealthiest owners. Its impact on jobs and ...

See my more recent blog post: A Rationale For Using QBI Tax Treatment For Traders. Traders in securities and/or commodities, qualifying for trader tax status (TTS) as a sole proprietor, S-Corp, or ...