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Tax Planning for Pass-Through Entity State Tax Elections: Federal State and Local Tax Limit (SALT) Workaround

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Substantial federal tax saving opportunities are available for numerous states which have implemented pass-through entity tax credit legislation. S corps, partnerships, & LLCs filing as S corps or partnerships, are generally eligible to benefit from federal tax deductions related to individual state tax on pass-through income.

This class from Jane Ryder, EA, CPA, will look at tax planning for passthrough entity state tax elections and the SALT workaround for the federal limitation. These passthrough entity tax credits offer substantial federal tax saving opportunities with 29 states having already implemented these salt workarounds.

Learning Objectives

Upon completion of this course, participants will be able to:

  • Fundamentals of State PTET Elections;
  • Who may or may not use the PTET State SALT Workarounds;
  • State treatment of PTET payments;
  • Timing of PTET elections and/or payments for valid PTET Elections;
  • Individual partners, shareholders, or LLC members opt out;
  • Form 1065, federal Schedule K-1: Federal deduction for pass-through K-1 income for PTET stat tax;
  • Allocating PTET Payments;
  • Tax Planning for PTET Credits; and
  • Federal & State Tax Benefits of PTET Elections.

Course Specifics

Course ID
WC1823320961
Revision Date
January 9, 2023
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02308-23-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1877
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …

Jane Ryder, EA, CPA Read More »

Tax Planning for Pass-Through Entity State Tax Elections: Federal State and Local Tax Limit (SALT) Workaround

Expert Instructors
CPE CREDITS
2 Credits: Taxes

$98.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 7 hour(s) and 11 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Substantial federal tax saving opportunities are available for numerous states which have implemented pass-through entity tax credit legislation. S corps, partnerships, & LLCs filing as S corps or partnerships, are generally eligible to benefit from federal tax deductions related to individual state tax on pass-through income.

This class from Jane Ryder, EA, CPA, will look at tax planning for passthrough entity state tax elections and the SALT workaround for the federal limitation. These passthrough entity tax credits offer substantial federal tax saving opportunities with 29 states having already implemented these salt workarounds.

Learning Objectives

Upon completion of this course, participants will be able to:

  • Fundamentals of State PTET Elections;
  • Who may or may not use the PTET State SALT Workarounds;
  • State treatment of PTET payments;
  • Timing of PTET elections and/or payments for valid PTET Elections;
  • Individual partners, shareholders, or LLC members opt out;
  • Form 1065, federal Schedule K-1: Federal deduction for pass-through K-1 income for PTET stat tax;
  • Allocating PTET Payments;
  • Tax Planning for PTET Credits; and
  • Federal & State Tax Benefits of PTET Elections.

Course Specifics

Course ID
WC1823320961
Revision Date
January 9, 2023
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02308-23-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1877
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …

Jane Ryder, EA, CPA Read More »

Tax Planning for Pass-Through Entity State Tax Elections: Federal State and Local Tax Limit (SALT) Workaround

Expert Instructors
CPE CREDITS
2 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 7 hour(s) and 11 minutes to watch today.

$98.00