Composite Return Issues for Pass-Through Entities and Nonresidents: Filing, Withholding, Remedying Noncompliance
Recording of a 110-minute CPE webinar with Q&A
This course will provide SALT professionals and pass-through owners who have multistate filing obligations with an in-depth review of preparing composite returns. Filing composite returns is a significant and necessary piece of SALT. However, the burden of withholding and remitting nonresident taxes in many states makes this area even more complicated. Listen as the panel explains composite filing requirements, withholding and payment obligations, individual nonresident filing considerations, and how states' PTE tax regimes affect composite return decisions.
Outline
- State composite return requirements
- Pass-through entity composite filing considerations
- Elective pass-through entity taxation regimes
- Mandatory filing and withholding requirements
- Individual taxpayer filing considerations
- Participating in a composite return
- Filing a nonresident return
- Current developments
- Past noncompliance and voluntary disclosure programs
Benefits
The panel will discuss these and other essential questions:
- How states' PTE tax regimes affect the decision to file a composite return?
- What are the state requirements for withholding and remitting nonresident withholding?
- When should a pass-through entity elect to file a composite return?
- When should an individual elect to participate in a composite filing?
- What remedies are available for past noncompliance?
Faculty
Sara L. Goldhardt, CPA
Director, State and Local Tax Services
GBQ Partners
Ms. Goldhardt has over 18 years of experience in federal and state and local tax, servicing both public and private... | Read More
Ms. Goldhardt has over 18 years of experience in federal and state and local tax, servicing both public and private companies in the restaurant, manufacturing, construction, healthcare, professional services and retail industries. She is GBQ’s State Income/Franchise Tax Service Line Leader in addition to overseeing the firms employment tax compliance and consulting services.
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Jeffrey S. Reed
Partner
Kilpatrick Townsend & Stockton
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals... | Read More
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals manage state and local tax risks and exposure, including assessing the strength of corporate tax positions, evaluating whether charges are subject to sales tax, and representing taxpayers in disputes with revenue agencies throughout the U.S. He brings a practical, pragmatic approach to state and local taxation, one that takes into account reserve considerations, legal and administrative guidance, and anticipated revenue agency responses. He is particularly experienced with New York and Massachusetts tax controversies, corporate tax planning, assessing the anticipated state tax consequences of mergers and acquisitions, and analyzing the taxability of electronic commerce and emerging business models. He has resolved disputes with most tax agencies in the United States, and also has broad experience with IRS audits and appeals, and unclaimed property.
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