Category: Entity Structure

Dentists, Entity Structure and the New 20% Pass-Through Deduction

Many healthcare practitioners are wondering how their practices are affected by the Tax Cuts and Jobs Act of 2017 and specifically, the 20% deduction for Qualified Business Income (QBI) for pass-through entities (sole proprietors, partnerships and S-corporations). Since healthcare is considered a specified service business, a dentist would only qualify for the 20% QBI deduction […]