Among the provisions in the Tax Cuts and Jobs Act are changes to the pass-through income deduction. And they are perhaps the most confusing. Barry Groebel, CPA, tax partner with Herbein + Company in Reading, explains the nuances and exceptions that further complicate pass-through income deductions for businesses. For more information on 2017's landmark federal tax reform, check out the Federal Tax Reform Guide presented by the Pennsylvania CPA Journal.
Learn more about tax reform's effects at PICPA's Federal Tax Reform Conference
By: Jim DeLuccia, PICPA Communications Manager