Top 5 SALT Issues Affecting Pass-Through Entities Today

Construction Financial Management Association (CFMA) Southeastern Construction Regional Conference


Speaker(s) ,

Thursday, August 18, 2022
12:30 PM-1:20 PM EST

These well-known speakers will survey what, in their experience, are the top 5 issues in the state and local tax realm today that impact multistate PTEs and their owners, including the new PTE taxes that are proliferating among the states and practical compliance issues; how/where to source the gain on the sale of a PTE ownership interest; the IRS’ and states’ ramped-up efforts to audit “large” PTEs; and some of the latest tax cases and state DOR rulings that you should be aware of or monitoring.

Learning Objectives:

  1. Understand the different types of PTE tax laws that have been enacted recently by many states and some of the key variables.
  2. Learn about recent and pending cases across the country involving which states can/should be allowed to tax the gain on the sale of a membership/partnership interest to a third party when the owner doesn’t have a physical presence in the taxing state.
  3. Gain an update on recent IRS and state audit initiatives targeting PTEs.
  4. Get the big picture on some of the key state tax cases pending and recently decided across the country involving PTEs or their owners