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Jan 10, 2019
YAHOO FINANCE: Small business tax deduction has CPAs scratching their heads

YAHOO FINANCE: Small business tax deduction has CPAs scratching their heads

NEW YORK (AP) -- Millions of small business owners will be in uncharted waters this tax season as they try to determine if they qualify for a deduction that could exempt one-fifth of their income from taxes.

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The investment seeks growth, income and conservation of capital. The fund normally invests a greater portion of its assets in fixed income, equity-income and balanced funds as it continues past its target date. The advisor attempts to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories, including growth funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The fund categories represent differing investment objectives and strategies.
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YAHOO FINANCE: Small business tax deduction has CPAs scratching their heads