20% Pass-Through Deduction
What is the Qualified Business Income Deduction? Section 199A of the Internal Revenue Code provides many taxpayers a deduction for qualified business income from a qualified trade or business operated… Read more »
Author Archives: George Hernandez
How To Figure Estimated Tax
Individuals, including sole proprietors, partners, and S corporation shareholders, generally use Form 1040-ES (PDF), to figure estimated tax. To figure your estimated tax, you must figure your expected adjusted gross income,… Read more »
2018 Tax Reform
With the 2018 tax bill now in place, many of you will have questions regarding the new tax rates and deductions. As details of the new tax reform emerge, many… Read more »