Multistate Income Tax for Passthrough Entities (Completed)

Date: Wednesday, October 23, 2019
Instructor: Michael Bannasch
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

As the prevalence of passthrough entities grows, the multistate income tax issues become more relevant. This is a particularly difficult area, especially in instances of passthroughs with nonresident members and/or tiered structures. This webinar will explore the many issues so that passthrough entity income tax returns can be properly prepared.

Who Should Attend
CPAs responsible for preparation of multistate income tax returns for passthrough entities.

Topics Covered

  • Nexus for passthrough entities and their owners
  • Entity-level taxes that apply to passthrough entities
  • Nonresident owner withholding requirements
  • Composite income tax returns
  • How to apportion income depending on type of owner
  • State responses involving passthrough entities to the SALT deduction cap of Federal tax reform

Learning Objectives

  • Identify the states in which their passthrough entities have filing requirements
  • Recognize how to properly pay the taxes owed by the entity and its owners
  • Identify how to apply passthrough-specific apportionment concepts to their entities

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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