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2. How to Reduce Your Taxes on Pass-Through Income - AOL

   www.aol.com/6-smart-ways-reduce-taxes-130049484.html

   With the Tax Cuts and Jobs Act of 2017, business owners of pass-through entities may qualify for up to a 20% tax deduction on eligible income. This tax deduction allows eligible business owners to ...

3. Flow-through entity - Wikipedia

   en.wikipedia.org/wiki/Flow-through_entity

   In a November article, The New York Times reported that the tax bill would "[r]educe the pass-through tax rate to 25% regardless of income level. Since 95% of businesses are incorporated as pass-through entities [12] Examples include "sole proprietorships, partnerships and S corporations that currently pay taxes at the individual rate of their ...

4. Partnership taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation_in...

   This treatment is similar to corporations entity approach. Thus a partnership for tax purposes is a person, it can sue and be sued and can conclude legal contracts in its own name. The entity concept governs the characterization "income, gain, losses and deductions from the partnership operations, are initially determined at entity level.

5. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   Both of these elections are considered pass-through taxation because the profits/losses and thus taxes of a business are directly passed on to the members via their individual tax returns. When taxed as a C-Corporation, the entity will pay corporate taxes before profit is distributed to members who will also be required to pay tax on their gains.

6. NC startups cheer tax relief passing US House, but Senate ...

   www.aol.com/critical-tax-bill-nc-startups...

   North Carolina Senators Thom Tillis ... “It would at least get us through the election year.” The Tax Relief for American Families and Workers Act of 2024 passed the House by a vote of 357 to ...

7. Still waiting on your NC tax refund? Here’s when to expect it ...

   www.aol.com/news/still-waiting-nc-tax-refund...

   Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s because the state just ...

8. Corporate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax_in_the...

   Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017 .

9. Partnership taxation - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation

   Partnerships are "flow-through" entities for United States federal income taxation purposes. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners.