The IRS’s Bold Move That Could Shake the Foundations of Small Businesses!
Recently, the Internal Revenue Service (IRS) has shifted its focus towards a particular type of business structure known as “pass-through” entities. This move ensures that high-income earners are held accountable for their tax obligations. As retirees, understanding these changes is crucial as they could impact your financial landscape. This article delves into the IRS’s new initiative and what it entails for the wealthy, small business owners, and retirees. Understanding Pass-Through Entities A pass-through entity is …