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Politics · 115th Congress

Six Things to Watch as Tax Overhaul Endgame Nears

Pass-throughs The two chambers came up with very different structures for taxes on “pass-through” business income, paid through individual returns by owners of subchapter S corporations, partnerships

Policy · 115th Congress

Partisan Bickering Defines Day One of House Tax Markup

Republican tax writers and rank-and-file members, behind the scenes, are discussing possible changes to provisions dealing with s deduction for state and local income taxes, limitations on “pass-through

Policy · 115th Congress

GOP Tax Bill: The Fine-Tuning and Defense Begins

Small businesses Under current law, small businesses organized as sole proprietorships, partnerships, limited liability companies, and S corporations, known as pass-through entities, are taxed at