GRAY AREAS: Year-end uncertainty spooks companies and advisers.

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  • Author(s): DAKS, MARTIN
  • Source:
    njbiz. 12/6/2021, Vol. 34 Issue 45, p11-13. 2p.
  • Additional Information
    • Subject Terms:
      SOLE proprietorship; TAX laws; TAX planning; CORPORATE taxes; BUSINESS tax; TAX credits; INCOME tax
    • Abstract:
      The article offers information related to the Build Back Better Act, which is not expected to change the federal tax rate for "C" corporations, which currently stands at a flat 21%. It is noted that pass-through businesses, which include sole proprietorships, partnerships, and S-corporations, generally pay no income tax at the business level, and instead profits or losses flow through to the owner or owners, to be taxed at their individual rate.