Multistate Tax Issues for Pass-Through Entities: State Recognition Rules, Taxation of S Corps and Partnerships

Recording of a 90-minute premium CLE/CPE webinar with Q&A


Conducted on Thursday, June 11, 2020

Recorded event now available

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Program Materials

This CLE/CPE webinar will guide tax counsel and advisers to resolve complex tax questions confronting pass-through entities with a presence in more than one state. Our panel will brief attendees on state recognition rules and other complexities that apply to multistate S corps, LLCs, and partnerships.

Description

More and more pass-through entities have a legally recognized presence in more than one state, due to recent changes in federal tax law and evolving U.S. Supreme Court precedents regarding nexus. As a result, tax advisers and counsel must prepare to advise multi-state pass-through entities and their owners to manage and comply with complex and often inconsistent state tax law requirements.

If pass-through entity owners are located in many states, this compounds the already complex challenges for tax counsel and advisers and may expose the entity to further state tax obligations. Counsel and advisers need tools to balance the myriad competing state law obligations they will face.

Listen as our experienced panel carefully reviews the complex interaction of varying state tax law regimes with pass-through entities. Attendees will benefit from a discussion of state recognition rules, election issues, federal conformity, composite returns, and more.

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Outline

  1. State conformity to federal treatment of pass-through entities
  2. Jurisdiction to tax (nexus) pass-through entities and their owners
  3. Apportionment of pass-through entity income
  4. Entity-level taxes and the federal SALT deduction cap
  5. State taxation and the Bipartisan Budget Act of 2015 partnership audit rules

Benefits

The panel will review these and other high priority issues:

  • Reconciling varying state recognition rules when determining state tax liability
  • Navigating federal conformity when determining a pass-through entity's state tax obligation
  • Identifying nexus-creating activities of multistate pass-through entities
  • Comparing apportionment regimes among various state tax jurisdictions

Faculty

Lawrence, Kelvin
Kelvin M. Lawrence

Partner
Dinsmore & Shohl

Mr. Lawrence advises on taxes implicated in multi-state transactions and has resolved Ohio state income tax, sales tax,...  |  Read More

Pascal, Elizabeth
Elizabeth Pascal

Partner
Hodgson Russ

Ms. Pascal concentrates her practice in tax law with a focus on New York State, New York City, and multistate tax...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

$347

Download

CPE Not Available

$347