In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

Income received by a multistate business is either “business income” or “non-business income.” Although this labeling appears innocuous, the distinction between these two categories of income matters ...

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...

Many not-for-profit organizations dread the unrelated business income tax (UBIT) because it can be a challenge to sort out when a not-for-profit’s activities are subject to the tax and when they are ...

CALABASAS, CALIFORNIA - OCTOBER 04: Big-wave surfer Laird Hamilton and former professional volleyball player Gabby Reece enjoy the Laird Superfood "Cinn-Full" Cold Brew at Erewhon on October 04, 2023 ...