Welcomes Guidance on Main Street Deduction – Suggests Improvements Today, the Parity for Main Street Employers coalition of national trade groups submitted comments to Treasury and the IRS in response to the notice of proposed rule-making on the qualified business income deduction…
The Parity for Main Street Employers coalition today wrote the Ways and Means Committee in support of making the 199A pass-through deduction permanent. The provision is part of the Committee’s “Tax Reform 2.0” effort being debated by the Committee. Making…
By Chris Smith “The Parity for Main Street Employers Coalition welcomes Treasury’s guidance applying the new 20% tax deduction to thousands of U.S. businesses organized as pass-throughs—the S-corps, sole proprietorships, and partnerships that comprise 95% of all businesses and who employ the…
Parity for Main Street Employers Today, PMSE released an analysis by EY of the Tax Cut and Jobs Act’s effect on the taxation of pass-through businesses, with a focus on S corporations. The EY study found that even for businesses…
Parity for Main Street Employers On Tuesday, July 31st, we will convene a Capitol Hill briefing and panel discussion on “Main Street Businesses & the Tax Cuts and Jobs Act: How Did They Fare and Where do We Go from Here?” featuring…
Parity for Main Street Employers Today, the Parity for Main Street Employers coalition submitted a comment letter to the New York State Department of Taxation and Finance on its draft legislation to restore the ability of employers organized as pass-through businesses to…
Connecticut Paves Way for Other States to Act Parity for Main Street Employers Today, the Parity for Main Street Employers coalition of national trade groups released model legislation to preserve the federal State and Local Tax Deduction (SALT) for Main Street Employers…
New Survey Highlights Importance of Guidance in Making Pass-Through Provisions Successful Parity for Main Street Employers The Parity for Main Street Employers (PMSE) coalition released a new survey highlighting the pass-through business community’s initial reaction to the tax Cuts and…
Today, on behalf of over 40 national trade associations, the Parity for Main Street Employers coalition submitted a comment letter to Treasury and the IRS on the need to permit pass-throughs to aggregate business entities when claiming the new 20…
Focus on Need for Tax Parity for Pass-Through Businesses Parity for Main Street Employers Today the Parity for Main Street Employers (PMSE) coalition, comprised of trade groups representing American Main Street businesses, named Chris Smith as its new Executive Director.…