Husband-Wife Partnerships: The Tax Angles

Husbands and wives often participate together in business ventures. “What are the tax implications of unincorporated husband-wife business activity?” you ask. Good question.  Partnership Tax Status is Unfavorable for Husband-Wife Business when both members of a...

IRS Issues Final Section 199A Regulations and Defines QBI

  If you are currently operating a pass-through business such as a proprietorship, partnership, or S corporation, you might want to have a look at this. Thanks to the finalized regulations of Section 199A, you can now be eligible to have a tax deduction of up to 20...