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Posts by Samantha Jacoby

Industry Groups Lobby to Broaden Pass-Through Deduction

October 19, 2018

Realtors, veterinarians, and a range of other industry groups are pushing to dramatically expand the scope of the 2017 tax law’s “pass-through” deduction to allow their businesses to qualify. The wide range of requests, on full display at a recent IRS hearing, shows the creative ways that business owners and their tax planners will seek to stretch the deduction, which is essentially a giveaway...

Form 1040 And Refund Check

MLB Owners Seek Rule Change to Claim Tax Break

October 15, 2018

Major League Baseball (MLB) is pushing to let professional sports team owners benefit from the 20 percent “pass-through” deduction, a key provision of the 2017 tax law. This unwarranted change to proposed Treasury regulations to implement the law would come on top of several of the law’s...

Money Flying Away