C corporations

: TaxVox

Treasury Left The Door Open To The 20-Percent Tax Deduction For Pass-Through Businesses

Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts...

January 24, 2019Steven M. Rosenthal

Business Taxes: TaxVox

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...

June 4, 2018Eric Toder

: TaxVox

1986 RIP: Different Tax Rates for Different Income Sources

The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...

March 16, 2018Eric Toder

: TaxVox

Eight Thoughts on Business Tax Reform

Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...

September 19, 2017Donald Marron

: TaxVox

Ways To Reform Taxation Of Small Business

On June 14, I testified before the Senate Small Business and Entrepreneurship Committee on how tax reform might affect small business. I delivered two key...

June 16, 2017Mark J. Mazur