Monthly Archives: September 2019

C-corp business tax rates had a huge drop with the new tax laws (from a 35% top rate at $50,000 in profits down to a flat 21% rate). BUT… If you operate your business as a pass-through entity, such as a proprietorship, partnership, or S corporation, the profits of that business can generate the Section 199A tax deduction for 2019 (and maybe for 2018?). There are 2 types of business in the eyes of the IRS (regarding this tax rule). … Continue reading