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State Taxation of Pass-Through Entities and Their Owners provides practical guidance on the myriad state tax issues that uniquely affect pass-through entities operating in two or more states, and their owners.
This publication is the first to provide both an in-depth, state-by-state discussion of the manner in which each jurisdiction specifically addresses topics facing pass-through entities and their owners, and specific citations that enable tax professional to analyze the context of authority upon which conclusions are based.
State Taxation of Pass-Through Entities and Their Owners is divided into three parts:
- State Income and Franchise Tax Filing Requirements and Issues
- Unique State Income Tax Issues for S Corporations
- State Sales and Use Tax Issues
Specific topics covered within these sections include:
- Conformity to the federal check-the-box regulations
- State income/franchise filing requirements for pass-through entities and their owners, including income tax withholding
- The submission of nonresident income tax agreements
- The availability of composite returns
- Pass-through entity-level taxes - a rapidly changing area of state law
- And much more
This treatise focuses on the treatment of common pass-through entities, such as general and limited partnerships, LLCs, including disregarded single-member LLCs, and S corporations, including qualified subchapter S subsidiaries (QSubs).
Also includes an appendix of 17 tables providing state-by-state summaries, with authority, of conclusions reached in the treatise to enable tax professionals to quickly compare the manner in which various jurisdictions address these issues.
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