How you progress will depend more on your ability to get along with others, your social skills, than anything else. The passthrough entity tax is a workaround for the $10,000 individual income tax limit on the deduction for state taxes adopted in the Tax Cuts and Jobs Act of 2017. According to the new instructions, domestic partnerships (including most LLCs) and S corporations must include new Schedules K-2 and K-3, reporting the owner's share of international transactions, even when the entity had no foreign activities.
Services
The award is given by the chapter's Board of Directors in recognition of service to the chapter and the profession to one member each year. The chapter has about 4,000 members. Thank you to the Silicon Valley San Jose CalCPA chapter for this award. I'm very honored to receive this award in appreciation for the service I've given to the chapter over the years. The first person that I acknowledge relating to my career in public accounting is my wife, Janet. Last year, we celebrated 50 years of marriage.
How you progress will depend more on your ability to get along with others, your social skills, than anything else. The passthrough entity tax is a workaround for the $10,000 individual income tax limit on the deduction for state taxes adopted in the Tax Cuts and Jobs Act of 2017. I'm going to focus on two tax provisions of the Infrastructure and Jobs Act that I expect will have the broadest impact. Many high income and high net worth taxpayers will be relieved to learn that Biden's major revenue proposals are NOT included in the agreement.
Reviews (1)
Dawn
Jan 11, 2018
