Alerts

The Path to Tax Reform 2017: Pass-through Entities

Alerts / November 20, 2017

On Nov. 16, 2017, the House passed its tax reform bill, the Tax Cuts and Jobs Act (“House Bill”). The bill materially changes taxation of pass-through income from partnerships, LLCs taxed as partnerships and S corporations. On the same day, the Senate Finance Committee completed a conceptual markup of its own tax reform plan (“Senate Plan”) introduced two weeks ago.

Read: The Path to Tax Reform 2017: Pass-through Entities

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