New tax measures affecting partnerships, S corporations | KPMG | US
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New tax measures affecting partnerships, S corporations, and their owners

New tax measures affecting partnerships, S corporations

Provisions of the new tax law (H.R. 1) in the United States include changes affecting partnerships, S corporations, and their owners.


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Among other significant changes, H.R. 1 includes a new 20% business deduction that applies to certain partners and S corporation shareholders, and new carried interest rules.  


Read a KPMG report about these tax law changes prepared by KPMG LLP: New tax law: Issues for partnerships, S corporations and their owners [PDF 589 KB]

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