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December 2018 News Bulletin re: Qualified Business Income under 199A

Effective for the 2018 tax year, there is a new deduction available to pass-through entities (sole proprietors, partnerships, S corporations, trusts, and estates) engaged in domestic trades or businesses. The deduction, known as the qualified business income (QBI) deduction, allows owners of pass-through entities to avoid paying tax on up to 20% of their business income... Click here to read more.

 

Find out more by contacting:

Suzanne Shaffar, Martha Griffin, Jim Fenwick or Gentry Collins by e-mail, or call (859) 543-0453 today.