The CPEA is receiving inquiries from our members related to how pass-through entities (e.g., partnerships, S corporations, LLCs) should account for state and local income taxes (SALT) related to efforts by many states to enact legislative workarounds to the federal tax policy that limits SALT deductions on individual federal tax returns. This report provides the CPEA’s position on the accounting by pass-through entities for these SALT cap workarounds.
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SALT cap workarounds: Accounting by pass-through entities
Jan 18, 2022 · 174.3 KB Download
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Download the CPEA Report – SALT cap workarounds: Accounting by pass-through entities
File name: cpea-report-salt-cap-workarounds-accounting-by-pass-through-entities.pdf