2024 February Solutions Room: Pass Through Entity Tax

CE: 1 IRS & 1 CTEC credit Speaker: Allan (AJ) Reynolds, EA December 22, 2017 the Tax Cuts & Jobs Act (TCJA) passed and imposed a $10,000 limitation on the deduction of state and local taxes (SALT) for tax years 2018 through 2025. November 9, 2020 IRS issued Notice 2020-75, which announced rules regardingclarification that state and local income taxes imposed on and paid by Pass-Through Entities will be allowed as Read More >