March 2018 JD Supra

IRS defines Pass-Through entities as: “an entity that passes its income, loss, deductions, or credits to its owners. The owners may be partners, shareholders, beneficiaries, or investors. It usually does not have an entity level income tax liability”.  In the U.S., Pass-Through entities comprise 90% of all U.S. businesses for federal income tax purposes https://www.jdsupra.com/legalnews/20-tax-deduction-for-pass-through-19473/