At the Table with TCPA: Pass-Through Entity Tax (Part II)
Wed, Dec 06
|Zoom: See Description for Link
A short webinar to ‘REVISIT’ the Pass-Through Entity Tax discussed in prior webinars.
Time & Location
Dec 06, 2023, 5:15 PM – 6:15 PM
Zoom: See Description for Link
About the event
We are going to host a short webinar to ‘REVISIT’ the Pass-Through Entity Tax discussed in prior webinars. Many states have introduced Pass-Through Entity tax legislation as a workaround to the $10,000 itemized SALT tax deduction (state, local, property, etc) as a result of IRS Notice 2020-75. The PTE legislation allows business entities to elect to pay state income tax and take tax deductions, otherwise disallowed at the individual tax return level. This deduction, since taken at the business entity level, can also lower your Federal Income tax liability.
During this webinar, we will discuss…
- The purpose of the PTE tax.
- The time-period for which PTE can be used, currently.
- States that have passed PTE legislation.
- Electing to utilize PTE.
- Dos and Don’ts
The PTE tax ‘MAY’ be a way to save on Federal Income Tax for S corporation and Partnership owners, while still fulfilling state tax filing and estimated payment requirements normally slated for the owners/individuals. There’s much variation involved; thus, the decision is not always an easy one. We look forward to your webinar attendance.
William Taylor is inviting you to a scheduled Zoom meeting.
Topic: At the Table with TCPA: Pass-Through Entity Tax (Part II)
Time: Dec 6, 2023 05:15 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/4144599495
Meeting ID: 414 459 9495
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Meeting ID: 414 459 9495
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