PolicyEngine / PolicyEngine/policyengine-taxsim
scorp income
Nobody has claimed this yet.
- Dominant language
- Python
- Stars
- 17
- Forks
- 10
- Avg merge
- 15h 55m
- Merged PRs (30d)
- 1
Description
It apears that scorp income is taxed as material participation but insufficient capital and payroll to escape phaseout of QBID. Is this right? We do need to look at all the pass-through variables as a group at some point. Still no sign of a tax lawyer to help us out?
Contributor guide
First steps
- Read the whole issue, then the project's contributing guide.
- Comment on the issue to say you are picking it up — it saves two people doing the same work.
- Fork the repository and make your change on a branch.
- Open a pull request that references the issue number.
Research direction
No file, test, or entry point is named. Start by reproducing the scorp-income case in the PolicyEngine US federal and state tax calculator, then verify how material participation, capital, payroll, QBID phaseout, and other pass-through variables are grouped. Done means establishing whether the tax treatment is correct and documenting or fixing the result.
Written by the indexing model from the issue text.
Assessment
- Tech stack
- python
- Domain
- fintech-quant
- Issue type
- Bug
- Difficulty
- 5/5
- Estimated time
- Over a week
- Activity status
- Quiet
- Clarity
- Needs clarification
- Newbie friendliness
- 25/100