State Pass-Through Entity Tax Elections – Don’t Leave Cash on the Table!
October 13, 2022
When the Tax Cuts and Jobs Act (TCJA) of 2017 passed, one of the most controversial provisions was the $10,000 limit on the amount of deductible state and local taxes (SALT). This provision has become known as the SALT cap.
To help business owners mitigate the tax deduction limitation, states began introducing an optional pass-through entity tax (PTET) to be imposed at the entity level. Electing into the PTET allows state income taxes to be deducted on individuals’ Federal income tax returns as an ordinary business expense and avoid SALT cap limits.
Join Cherry Bekaert’s webinar to learn how to interpret these complex rules and the potential impact PTET elections could have on your cash flow, as well as other topics such as a brief recap of mechanics and general principles.
Learning Objectives
- Learn the history of SALT caps and PTE taxes
- Understand which states have PTET elections available
- Determine if your business could qualify for PTET elections
CPE Accreditation
Delivery Method | Group Internet Based
Recommended CPE credit | Up to 1 CPE, pending approval
Recommended Field(s) of Study | Taxes
CPE Capability | Technical Expertise
Prerequisites | None
Program Level | Basic
Advanced Preparation | None
Speakers
Cathie Stanton, CPA | Partner, Cherry Bekaert
Tony Konkol, J.D., L.L.M. | Manager, Cherry Bekaert
Cherry Bekaert Continuing Professional Education: Statement of Admin Policies
This event is complimentary. Due to this program being offered free of charge, there will be no refunds.
CPE for Virtual Events
- Please join sessions on time, or 5 minutes early if possible. Joining a session late may cause you to lose the ability to obtain CPE based on the following NASBA regulations:
- There will be 4 polling questions per hour of each session.
- In order to receive CPE credit for virtual events, you must attend at a minimum, 50 minutes of every hour and respond to at least 3 of the 4 polling questions per hour.
- Polling questions will not be announced in advance.
- If you view the conference in a group setting, you will still need to log into CPE sessions through your laptop to track your attendance and respond to polling questions.
- We cannot guarantee polling questions will appear on your mobile device and recommend that you use your laptop for your webinar session. We will not be able to award you CPE credit if you do no answer the required number of polling questions and/or are not in session for the required length of time. This includes issues due to mobile technological difficulties or any other difficulty that is unique to your webinar connection.
- Please be sure that you join the session for which you registered using the link that was provided to you. We will not be able to award you CPE if you join a session using a link that was provided to someone else.
- You will receive one certificate for each course you attend/pass.
For questions regarding registration or event cancellation, please contact Maddie Robbins. For all other questions regarding CPE policies, please contact Cherry Bekaert at cbhlearning@cbh.com.
Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org