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Small businesses face choices on tax reform before the end of the year

by Michael Cohn | Dec 10, 2018   ()
The Tax Cuts and Jobs Act that President Trump signed last December promises to give small business owners a tax reduction of up to 20 percent for 2018, but there has been a lot of confusion about which businesses will qualify for the deduction and other tax breaks. The IRS has issued some guidance and proposed regulations that can be used to help determine which companies and individuals can benefit from the pass-through tax deduction and how it can be calculated.

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Source: Accounting Today

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