What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...

Financial advisors and their business clients can breathe a sigh of relief after new taxes on pass-through entities were rejected in the Senate’s version of the “One Big Beautiful Bill,” which passed ...

Pass-through business entities with research and development expenses would receive a tax credit under a bill being considered by state lawmakers. The legislature’s Commerce Committee will conduct a ...

"Eliminating the SALT deduction for professional service pass-through businesses would also result in a major tax increase on many of those small businesses," said William R. Bay President, American ...

CMS issued a final rule Tuesday preventing states from increasing or adding pass-through payments for hospitals, physicians or nursing homes contracted with Medicaid managed care organizations. Here ...

Journal Editorial Report: The debate between former Governor Andrew Cuomo or democratic-socialist Zohran Mamdani in a mayoral primary. Senate Republicans appear to be acquiescing to demands by House ...

It often makes financial sense for married couples to file joint instead of separate tax returns. But the pass-through deduction could change the calculus. The strategy would isolate the business ...

House Republicans are looking to push through tax cuts and spending reductions to pass President Trump’s “big, beautiful” budget bill, which is set to slash Medicaid spending. Photo: Jose Luis ...

The landmark 1986 tax reform legislation cut the top individual income tax rate in the US to 28% from 50% and the top corporate rate to 34% from 46%. With that change, the tax treatment of standard ...