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U.S. Treasury Proposes Tax Rules On Pass-Through Businesses

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The U.S. Treasury has proposed tax regulations for a new 20 percent income tax deduction. The deduction would be for owners of businesses organized as pass-through entities. Reuters reports, the rules would help prevent the measure from becoming a tax loophole for wealthy Americans. Senior Treasury officials said the regulations are intended to provide everything pass-through owners need to comply with the Republican Tax Cuts and Jobs Act. The sweeping overhaul of the U.S.

Added on the 08/08/2018 10:12:13 - Copyright : Wochit

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