On-Demand Self-Study

Pass-Through Entity Taxes and Resident Credits: Avoiding Double Taxation at the State Level Webinar - 11/30/2021

This course will look at the interaction between state resident credit provisions and the new Pass-Through Entity (PTE) tax regimes in New York and other states. We will examine how states calculate resident credits for taxes paid to other jurisdictions

On-Demand Self-Study

·         Overview of PTE taxes

·         Overview of resident credit provisions and how resident credits are calculated

·         New York’s resident credit for “substantially similar” PTE taxes

·         Resident credits in states with and without PTE taxes.

·         To elect or not to election into a PTE tax? Analyzing the impact of resident credit issues on the election.

Learning Objectives

·         Understand the main differences of resident credit provisions

·         Learn when states are more or less likely to give a resident credit for PTE taxes paid

·         Identify the key issues with resident credits in determining whether an entity should elect into a PTE tax regime.

Major Topics

·         Overview of PTE taxes

·         Overview of resident credit provisions and how resident credits are calculated

·         New York’s resident credit for “substantially similar” PTE taxes

·         Resident credits in states with and without PTE taxes.

·         To elect or not to election into a PTE tax? Analyzing the impact of resident credit issues on the election.

CPE Credits Available

0
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

None

Advanced Preparation

None

Intended Audience

Anyone who wants to be informed of about the latest tax legislation and developments affecting various types of pass-through entities

Provider

Foundation for Accounting Education

This can not be purchased at this time.