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US IRS released new pass-through business 20% tax guidance today (that's many of us)
http://thehill.com/policy/finance/400868-treasury-releases-proposed-rules-on-major-part-of-trump-tax-law
This new reduced tax rate applies to business income for those of us operating and filing under our existing 1040s, e.g., sole proprietorships (non-corporate business), applied against this year's income when we file our combined personal/business Federal taxes next year.
This new reduced tax rate applies to business income for those of us operating and filing under our existing 1040s, e.g., sole proprietorships (non-corporate business), applied against this year's income when we file our combined personal/business Federal taxes next year.
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