Income of flow-through entities is not taxed at the entity-level, but is instead included by the owners on their tax returns. The TCJA reduced the top noncorporate tax rate on ordinary income from ...

On Monday, December 20, 2021, Michigan Governor Gretchen Whitmer signed House Bill (H.B.) 5376 into law. H.B. 5376, also referred to as Michigan’s “SALT Cap Workaround,” amends the Michigan ...