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re: New tax bill- how will it impact you?

Posted on 12/2/17 at 11:02 pm to
Posted by SLafourche07
Member since Feb 2008
9930 posts
Posted on 12/2/17 at 11:02 pm to
quote:


Also it looks like there will be flow issues with professional corporations for lawyers, doctors, and accountants. That will sting and I will have to restructure my small business




Does the Senate version exclude us as well? I couldn't find the part of the bill that identifies what businesses were excluded.
This post was edited on 12/3/17 at 6:45 am
Posted by Rust Cohle
Baton rouge
Member since Mar 2014
1967 posts
Posted on 12/3/17 at 8:38 am to
quote:

Does the Senate version exclude us as well? I couldn't find the part of the bill that identifies what businesses were excluded.



From what I read it is "servicemen" making over 250k

quote:

Also it looks like there will be flow issues with professional corporations for lawyers, doctors, and accountants. That will sting and I will have to restructure my small business


How so? It looks like you won't be taxed more, but you won't be available to receive the new tax cuts?
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