25 Dec '17, 1am

2018 Tax Planning for SEO Agencies & Consultants

There are no clear regulations yet Once the tax bill became law, it then is sent to the IRS/Treasury, which writes the “regs” that interpret the law and explain how to apply it step-by-step. The IRS has not published the new regs yet. Until it does, all we have to go on is the bill itself, which is rife with ambiguity. What is Qualified Business Income? Qualified Business Income is income earned by certain types of business entities that is then “passed through” to its owners’ and reported as income on their personal income tax returns. The pass-through deduction applies to your “Taxable Income”. Think of the first page of your 1040 which has all your different types of income and then adjustments to that income. For example, if you are self-employed you can deduct health insurance premiums. You end up with Adjusted Gross Income (AGI). Then you can add itemized personal de...

Full article: http://www.localseoguide.com/2018-tax-planning-seo-agenci...

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2018 Tax Planning for SEO Agencies & Consultants

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