Analyzing Tax Reform Changes to the Pass-Through Income Deduction
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.
*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.
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By: Jim DeLuccia, PICPA Communications Manager
*An update on this topic appeared in "PICPA’s CPA Conversations Podcasts Celebrates 100,000 Downloads" on Dec. 23, 2019.
PICPA Staff Contributors
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Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
