With the passing of the new tax bill, one area that has really created confusion and uncertainty affects individuals who own their business. Very often, your business is structured as a “pass-through” entity, meaning your business income is taxed at your individual tax rate.

The first question is if you should convert from a pass-through to a C corporation, not to mention what aspects of the new tax bill are being missed that could provide a cash tax savings.

This WSJ article covers a key aspect affecting pass-through entities that must be considered as part of this process.