• Should your high-net-worth client reduce compensation to a “reasonable amount,” increasing qualified business income for a greater tax deduction?
• If a taxpayer operates as a sole proprietorship and has no 199A deduction due to the W-2 wage limitation, should he or she form an S corp and instead take some “reasonable compensation” (mentioned above) that would qualify for a deduction?
• Should your high-net-worth client buy more depreciable assets?
• Can your high-net-worth client allocate wages among various companies he or she owns to achieve a deduction?