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

A live 90-minute premium CLE/CPE video webinar with interactive Q&A

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Wednesday, August 31, 2022

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE/CPE course 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 precedents regarding nexus. As a result, tax advisers and counsel must prepare to advise multistate 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 the 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 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

Attend on August 31

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Cannot Attend August 31?

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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