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  2. 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 ...

  3. Master limited partnership - Wikipedia

    en.wikipedia.org/wiki/Master_limited_partnership

    Instead of a Form 1099, MLP investors receive a Schedule K-1 tax form. As a consequence of their pass-through status, holding MLPs in tax-exempt accounts may generate Unrelated Business Income Tax (UBIT). [2] To encourage tax-exempt investors, some MLPs set up C corporation holding companies of limited partner which can issue common equity. [3]

  4. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. [24] If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual ...

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

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

    When you own or invest in a business, you may receive distributions from its profits. Depending on how the business is structured, the company may not have paid taxes on these profits before ...

  6. Who Gets the 20% Pass-Through Tax Break? - AOL

    www.aol.com/news/gets-20-pass-tax-break...

    The Treasury Department released a 184-page set of guidelines Wednesday seeking to clarify just who gets to claim the new 20 percent tax deduction on pass-through business incomes. Overall, the ...

  7. What We Know About the 20% Pass-Through Tax Deduction ... - AOL

    www.aol.com/news/know-20-pass-tax-deduction...

    Could you get 20% off your 2018 tax bill? Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in ...

  8. S corporation - Wikipedia

    en.wikipedia.org/wiki/S_corporation

    S corporations are ordinary business corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. [2] The term "S corporation" means a "small business corporation" which has made an election under § 1362(a) to be taxed as an S corporation. [3]

  9. IRS Volunteer Income Tax Assistance Program - Wikipedia

    en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

    Dual Status Tax Returns (When a noncitizen filer is a nonresident and resident in the same tax year) Income from pass-through entities including: S-Corporations ("Sub-S's") Partnerships; Form 1120, 1041, or 1065; Schedule F - Farm Income; Responses to IRS Notices for issues other than an amended return