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IRS plans 50% increase in audits of small businesses next year
The increase comes off a low base; in 2018, the agency audited only 140 partnership returns out of more than 4 million filed
Advisers should be able to use the pass-through deduction
Amid the unprecedented economic disruption, independent contractor financial advisers are among the small business owners adversely impacted
Advice-sector coalition seeks legislation to expand pass-through deduction to advisers
Brokerage firms and broker and adviser associations ask lawmakers for ‘clarifying legislation’
Pass-throughs versus C corporations under the new tax law
C corps may become a bit more popular under the new regime given the big reduction in their tax rate, but pass-throughs still seem to have the upper hand, advisers say
