Pass-through businesses outnumber other business entity structures in America. Erica York for the Tax Foundation writes pass-throughs file more tax returns and report more business income than C corporations.
Pass-through businesses report their income on the individual income tax returns of owners. The Tax Foundation answered some frequently asked questions about this pass-through structure and taxation. Click here to see the answers at The Tax Foundation.
- How are pass throughs taxed?
- How many times are pass throughs taxed?
- What other types of taxes do pass throughs pay?
- Are there different types of pass throughs?
- Are pass throughs and small businesses the same?
- Who earns pass-through business income?
- What is the pass-through deduction (Section 199A)?
Source: The Tax Foundation.
Let’s Talk Tax
Contact Allen Gregory for a consult at firstname.lastname@example.org or 303.393.2320.
In Other Tax News
We have arrived–CRUSH2019!
Wayfair’s unintended consequence: Overcharging at checkout
“R&D nexus: Who worked on what?” in Accounting Today
IRS completes list of annual “Dirty Dozen”
IRS rules on 20 percent tax break