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20% Tax Break – What You Need to Know

By James P. McAndrews IIIDirector of Tax

On August 7, 2018, the U.S. Treasury Department issued proposed regulations on the new 20% tax break included in last year’s $1.5 trillion tax reform bill. These regulations spell out what kinds of companies and professionals will qualify as eligible pass-through entities for this new deduction.

This long-awaited clarification has significant […]