How Some High-Income Taxpayers Can Maximize the New 20% Pass-through Business Deduction

Taxpayers with higher 1040 taxable incomes who are self-employed but are not “specified service businesses” may find it beneficial to structure new businesses, or restructure an existing business, as an S corporation to avoid taxable income limitations that apply to the new 20% Sec. 199A pass-through deduction. To make up for the tax reform’s reduction…

Mixed Results

The S&P 500 snapped a four-day losing streak thanks to gains in the Industrial and Technology sectors. The S&P 500 climbed 5.45 points, or 0.2%, to 2877.13 and the NASDAQ Composite advanced 21.62 points, or 0.3%, to 7924.16. The Dow Jones Industrial Average fell 59.47 points, or 0.2%, to 25857.07.     Disclosures: All material…

Money Talks – September 8, 2018

   This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the Manufacturing and Nonmanufacturing surveys from the Institute of Supply Management. They also cover jobless claims, factory orders, international trade, and the yield curve. The…