IRS Issues Proposed Regulations and Guidance on Recently Enacted Tax Deduction for Pass-Through Entities

The IRS has issued proposed regulations implementing the up-to 20% deduction that pass-through entities, including LLCs and Subchapter S corporations, can take under the 2017 tax reform law.  Contact the Taxation Practice Group at Burch, Porter & Johnson to learn more about how these proposed regulations will affect your taxes for 2018.