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Do Pass-Through Entity Taxes Still Pay Off after OBBBA?
Do you own a business organized as a pass-through entity (PTE), such as a partnership, an S corporation, or a multimember LLC taxed as a partnership? If so, you face an important tax decision. For the past several years, many PTE owners have elected to have their businesses pay the state income tax on their business income rather than paying it personally. This approach allows the PTE to deduct those state income tax payments as a federal business expense. Why Choose This Opt
Jan 142 min read
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