insurance agency taxes News

IRS Proposals Clear Way for Trump Tax Cut for Insurance Brokers

The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum of small businesses, including insurance agents …

New Pass-Through Tax Guidance Now Expected by End of July

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official. The …