18 states have enacted Pass Through Entity Taxes to allow owners of pass-through entities to circumvent the State and Local income Tax deduction limitation established by the 2017 Tax Cut and Jobs Act.
This course reviews the general mechanism of the Pass Through Entity Tax programs enacted by states. In particular, the program reviews IRS Notice 2020-75, the publication of which suggests that the federal government does not plan to challenge this so-called SALT work-around programs.
Chester, New York based John Sheeley, EA began his career in the tax industry in 1987, passing the IRS special enrollment exam in 1995. His career includes 13 years as a multi-unit franchisee of a national tax firm and 5 years as a tax manager at...
Trisha Buchmann began her career as a Classicist (i.e. dead languages). After graduating from the University of Illinois at Urbana-Champaign, her first foray beyond the ivory tower involved investigating a multi-year employee embezzlement scheme,...
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