11 a.m. PT
JW Marriott Los Angeles L.A. LIVE
Following the 2017 limit on the deduction of state and local taxes pursuant to the TCJA, numerous states enacted optional entitylevel taxes as a workaround. Although this approach was blessed by the IRS in part, numerous questions remain both at both the federal level and the state level--especially when an entity conducts business in multiple states. For example, without a special allocation provision in a partnership agreement, a partnership using targeted allocations from a cash waterfall may be unable to specially allocate the PTE burden and credits to those partners benefitting from the PTET election.
This panel includes viewpoints from both the federal tax and SALT perspectives.
Moderator:
Christi Mondrik, Mondrik & Associates
Panelists:
Rob Keller, KPMG
Robb Longman, Longman & Van Grack, LLC
Linsay Sobers, Stradley Ronon Stevens & Young, LLP
William T Thistle, II, Bradley