State Pass-Through Entity Taxation Regimes: Analyzing Tax Consequences and Caveats of PTE Elections
An encore presentation featuring live Q&A
A 110-minute CPE webinar with interactive Q&A
This course will discuss states' pass-through entity (PTE) taxation regimes and when and how to elect PTE taxation in applicable states, as well as analyze the ultimate taxation of owners to mitigate taxes paid.
- Mandatory PTE taxation
- Elective PTE taxation
- Specific state taxation regimes
- Analyzing the impact of PTE taxation on owners
- Best practices
The panel will cover these and other critical issues:
- New York's new Pass-Through Entity Tax
- PTE taxation legislation in California
- Steps SMLLCs and self-employed taxpayers might take to take advantage of PTE level taxation
- How to best handle differing tax results for partners
- The impact of a PTE tax election on composite returns
- The income tax credit offered in some states as opposed to a tax deduction
This is an encore presentation with live Q&A.
National Technical Practice Leader - State & Local Tax
Mr. Smith sets BDO's policies and positions on technical SALT issues, as well as thought leadership, brand... | Read More
Mr. Smith sets BDO's policies and positions on technical SALT issues, as well as thought leadership, brand visibility, training and risk management. His SALT practice is the result of over 25 years of experience and is national in scope and focused on multistate tax consulting, representing clients in multistate SALT controversies, and advising clients with respect to their multistate tax planning. The main concentration of Mr. Smith's SALT practice is on corporate income and franchise taxes, but he has also advised and represented clients with respect to their sales and transactions tax needs as well. A significant amount of his representation focuses on helping clients on the state tax consequences of mergers and acquisitions, intra-group reorganizations, special purpose entities, and business planning.Close
Richard W. Spengler, CPA
Mr. Spengler's main area of focus is state income and franchise taxes with significant experience in the design and... | Read More
Mr. Spengler's main area of focus is state income and franchise taxes with significant experience in the design and implementation of legal entity structures that are more tax efficient. As a result of his unique background, he has had success in designing structures that both minimize the impact on his client’s operations while maximizing the tax savings received by the client. Mr. Spengler specializes in the design of structures that both complement the client’s underlying business and provide diversified tax savings. As such, he has successfully designed structures for clients that simultaneously reduce state income tax, Single Business Tax, franchise tax, sales & use tax and federal income tax while logically fitting within the way the business operates. In addition to restructuring work, Mr. Spengler also has significant experience with the analysis of tax return positions and with the subtle interaction between the Federal income tax framework and its impact on a client’s state income tax reporting. He has had a great deal of success with securing significant refunds for clients related to gray and misunderstood areas of the tax law.Close
Early Discount (through 07/01/22)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.