Federal PTET (Before you get sued!)

This webinar delves into the use of a pass-through entity tax as it affects federal taxation. The discussion introduces the State and Local Tax Limit (SALT) workaround and confirmed by IRS Notice 2020-75. It discusses the timing of PTET Elections and/or payments which quality as a federal tax deduction.

This webinar reviews individual estimated tax obligations redacted by PTET mechanism and why Individual partners, shareholders or LLC Members may choose to opt out of this treatment. Furthermore, it discusses the Federal deduction for Pass-through K-1 income for PTET State Tax and the new burdens on tax preparers related to the pass-through entity election. This webinar generically addresses the federal issues of the pass-through entity tax.

This webinar is included in the July monthly series "Tax Planning & Investments". To view/register for the whole series click the link below:

https://www.bigmarker.com/series/investments-tax-planning/series_summit

2 IRS CE available on recording

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