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 Wv Spf 100 2019

Wv Spf 100 2019-2025 Form

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Instructions and help about spf 100ext form

welcome back to squawk boxes tax season formally gets underway one deduction continues to be a thorn on the side of many across the country that is the salt tax and even though Democrats last year failed to remove that ten thousand dollar cap one group of Americans may have found a way to make it disappear Robert Frank joins us how do you do that little magic trick well it yeah it is Magic Andrew more than 30 states have now passed these special laws allowing a special work around to the Salt cap it is called the pass-through entity tax so the pass-through pays an extra state tax it then takes the full federal tax deduction then passes that deduction on to the owner through a credit or income exclusion so the result is the owner gets an unlimited deduction on their state business income tax now the biggest beneficiaries are hedge fund managers private Equity Partners lawyers doctors car dealers lots of other business owners the IRS approved this loophole in 2020 but critics say it is c

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