During the past summer the IRS issued final regulations concerning partnerships audits. The new regulations are effective for partnership tax years beginning after December 31, 2017.
Batley CPA is available to answer any questions you may have about nondeductible and deductible IRAs.
As the result of Act 368, Wisconsin law allows pass-through entities an election to be taxed at the entity level. This first applies to taxable years beginning on January 1, 2018, for S corporations.