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Events

Elective Pass-Through Entity Tax: New York State Has Joined the Ranks

Jul 29, 2021

When

Thursday, July 29, 2021  12:00 PM - 1:00 PM ET (9:00 AM - 10:00 AM PT)

Where

Webinar

To mitigate the impact of the state and local tax (SALT) cap at the federal level, New York State has joined the list of states that have enacted an elective pass-through entity tax. Since this tax is imposed at the entity level, it should be eligible for federal deduction and result in federal tax savings for certain pass-through entity owners, partners, or members. Like many other topics in SALT, there are a host of considerations that must be part of the decision-making process for making the election such as: tax base computation, apportionment and sourcing, resident credit issues, and more.

In this session, we will take a deeper dive into the new elective tax regime in New York, in addition to neighboring states like Connecticut, New Jersey, and Rhode Island, among others.

1 CPE credit wil be offered. 


SPEAKERS


Eugene Ruvere, CPA, MST
Partner
eruvere@citrincooperman.com

Jaime Reichardt, JD, LLM
Principal
jreichardt@citrincooperman.com