Freedomz/Shutterstock.com Will Law Firm Partnerships Take Advantage of New Tax Measures?
A new tax work-around has the potential to benefit law firm partners who pay high state and local taxes, but the complexities may prevent some firms from using it.
November 30, 2020 at 03:56 PM
8 minute read
Law firm partners in some high-tax states could save a lot of money in income taxes now that the IRS has approved a work-around for the federal deduction cap on state and local tax payments.
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