Tax Practice Pro Inc
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Q

Hi John,

Attended the CTSEA seminar, I am unclear if a C Corp personal service firm would be eligible for the 21% new tax rate. If not, would the firm be taxed at the previous rates.


Tax Practice Pro Inc responded on 01/21/2018
A

Hi Ron,

In an early version of HR 1, it was proposed to drop the rate for a PSC to 25%. The final bill treats all corps the same, a flat 21%.


john

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