1. Home
  2. Member Articles

Articles

How Qualified Business Income Deduction Can Reduce Your Tax Bill by 20%

How Qualified Business Income Deduction Can Reduce Your Tax Bill by 20%

One of the latest tax rules entrepreneurs should know about is the Qualifying Business Income (QBI) Deduction. The deduction, also known as Section 199A, is a 20% deduction available...

Posted by Fred Lake on 06/18/2021

Ponchatoula LA Tax Pro for QBI Section 199A SSTB Schedule C Trade Non-Specified W2 Purchase
Read More
What is the Allowable Deduction From Business Income and Can You Claim It?

What is the Allowable Deduction From Business Income and Can You Claim It?

The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...

Posted by Elliot Kravitz, ATP on 11/24/2020

Cincinnati OH Tax Pro for Allowable Business Deductions Tax Preparer for Business Income TCJA QBID C-Corp REIT TPP W-2 S-Corp Section 199A Form 4797 SEP SIMPLE SSTB PTP Schedule K-1 UBIA
Read More
Qualified Business Income (QBI) Deduction

Qualified Business Income (QBI) Deduction

The QBI (qualified business income deduction) allows individuals to deduct up to 20% of business income, REIT dividends, or PTP income from personal income tax returns. Those who are...

Posted by Schneiderman and Friedman on 12/28/2020

New York NY Tax Pro for QBI Tax Preparer for Qualified Business Income Deduction Find a Tax Accountant for QBI QBI REIT PTP Schedule k-1 TCJA Section 199A form 8995 Form 8995-A C Corps SSTB
Read More

Member Article Search

© 2021 TaxProfessionals.com All Rights Reserved.
Terms of Use | Privacy Policy