Navigating Pass-Through Tax Reform
So much for tax simplification…
Over the past several weeks, literally millions of words have been written in connection with the recently enacted tax reforms. What was originally touted as tax simplification quickly evolved into what most would agree is anything but simple. And nowhere is this more evident than in the new provisions addressing the taxation of income from pass-through entities.
The new pass-through tax provisions are indeed complex, and at this early stage many unanswered questions exist regarding their content, interpretation, and applicability. Guidance will certainly be forthcoming. But in the meantime, business goes on and decisions must be made. With that in mind, we set out to provide a clear, concise, and user-friendly roadmap as a tool for analysis.