Partnerships and S Corporations Exempted From Limits on State and Local Tax Deduction By Matthew D. Lee on November 17, 2020 November 16, 2020 – Alerts By Eric J. Michaels and Adam R. Young The IRS intends to issue proposed regulations to permit a partnership or an S corporation to deduct… Continue Reading Partnerships and S Corporations Exempted From Limits on State and Local Tax Deduction