The IRS has raised the dollar limits governing qualified retirement plans for 2019.
You can download our popular COLI worksheet with all of the new limits under the Education Center tab.
Beginning in 2018, owners of pass-through entities like S corporations and partnerships are entitled to a 20% income tax deduction based on the entities’ pass-through income. Or maybe not.
The new rules are complicated. See our Education tab for a firm memorandum on using retirement plans to preserve or increase this deduction..
Please give Lee Jennings a call at (630) 802-7644 for more information.
Ask how we can assist you.