As a result of the SALT deduction limitation imposed as part of the Tax Cuts and Jobs Act, a number of states have enacted Pass-Through Entity (PTE) taxes, joining a handful of other jurisdictions that impose tax on flow-through entities rather than their owners.
This webinar will take you through some of the similarities and differences of these taxes and some of the questions arising as these new taxes are implemented. We will also look at recent IRS guidance on the federal deduction for the PTE taxes to examine the potential federal tax benefits of these SALT deduction workarounds.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)