Dolgetta Law

President Donald J. Trump’s Proposed Tax Reforms: Real Estate Agents and Associate Brokers Could Benefit by Receiving Commissions Through “Pass-Through” Business Entities

On April 26, 2017, the President’s long-awaited proposed changes to the Internal Revenue Service Tax Code appeared to be delivered in an anti-climactic manner, and appeared to be more of a policy statement than a detailed tax plan, when a one-page outline entitled “2017 Tax Reform for Economic Growth and American Jobs” was revealed to the press and to the American people. (See

More particularly, the outline was announced and discussed in a press briefing led by the Secretary of the Treasury, Steve Mnuchin, and the Director of the National Economic Council, Gary Cohn. And, while it seems to lack specificity, if a particular provision therein contained nonetheless comes to pass after the text of a proposed bill goes through congressional scrutiny, it could mean significant tax savings for small businesses such as real estate brokerages and agents, as more particularly discussed below.

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