Sun, 2 September 2018
Millions of small business owners stand to realize big savings on their 2018 taxes, thanks to revisions of the federal tax code that were signed into law in late 2017.
Only in the past few weeks, however, has the IRS fully explained who stands to profit from the so-called Section 199A deduction for qualified business income – and who will be left out.
Rachel Sawyer, a partner in Denver-based TaxOps, a respected business tax specialty and advisory firm, joins host and reputation coach Dean Rotbart this week to delve into the nuances of the new tax code and what entrepreneurs can do to take maximum advantage of the savings it offers. If you qualify, Section 199A could mean tens of thousands of dollars of extra cash in your pocket come next year.
Photo: Rachel Sawyer, TaxOps