As part of my continuing education, I attend webinars to help me keep up to date on tax changes as they occur. The IRS has relaxed the QBI deduction rules. Business owners may now file as Married Filing Separate and still receive the QBI deduction. A couple filing jointly will receive the deduction based on…
Read More...Qualified Business Income Deduction
Several changes in tax law occurred in December, 2017 when the new bill was passed. For married, filing a joint return, when owning a business, the QBI Deduction can give you much needed relief from tax liability. If a business owner is married, you must file a joint return to receive the most benefit from…
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