A New Deal: The Business Income Tax Deduction Under the TCJA

In an article published on Nov. 30, 2018, in Daily Report, shareholder J. Scot Kirkpatrick and associate J. Thompson Turner explain the new income tax deduction set forth in the Tax Cut and Job Act of 2017. They emphasize that whether the deduction applies to your business depends on a variety of factors including the total income of the taxpayer, type of business in which the taxpayer is engaged and property owned by the taxpayer’s business. For the full article you may click here.