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ACEC News / Education

February 25, 2019

Passthrough Firm Owners: Online Class Will Demonstrate How to Get Full 20% Tax Deduction

Take full advantage of the new 20 percent tax deduction for A/E passthrough firm owners.

In the February 27 online class, The New 20% Passthrough Tax Deduction is Final: What You Need to Know to Claim Your Benefit, three CPAs will cover the key areas of the new law.

Created by the 2017 tax law, so-called “passthrough firms”—S corporations, partnerships, and sole proprietorships@mdash;now qualify for a new 20% tax deduction. ACEC advocacy was instrumental in the law’s final version which allows A/E firm owners full access to this tax deduction.

Stambaugh Ness’s Scott Hursh, Thomas Moul, and Jennifer Nelson will focus on:

  • What qualifies as eligible business income
  • Rules on reasonable compensation for owners
  • Anti-abuse safeguards
  • Aggregation rules for firms with multiple legal entities

For more information and to register, click here.

All comments to blog posts will be moderated by ACEC staff.

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February 25, 2019



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