36 States Enact PTE Tax Elections with More Soon to Follow
Many states throughout the United States have implemented what are referred to as “pass-through entity tax elections” (PTET elections), since
Many states throughout the United States have implemented what are referred to as “pass-through entity tax elections” (PTET elections), since
A recent post discussed how many states are providing options for pass-through entities (S corporations, partnerships, or LLCs treated as
Prior to the Tax Cuts and Jobs Act (TCJA) in 2017, generally there was no limit to the amount of
Though the U.S. House of Representatives continues to work through the ongoing impeachment proceedings, the Chamber has apparently found time
One of the most controversial provisions of the Tax Cuts and Jobs Act, enacted in December, 2017, was the cap
Historically, individual taxpayers have been allowed an itemized income tax deduction for one hundred (100) percent of all state and
In years prior to 2019, and the enactment of the Tax Cuts and Jobs Act (TCJA), taxpayers were accorded an
Not subject to as much media attention as federal income tax legislation, the state impacts resulting from the enactment of
As has been discussed frequently in our posts, the Tax Cuts and Jobs Act of 2017 limited the amount of
IRS Reiterates Its “Prepaid Property Tax” Position for NJ Under the Tax Cuts and Jobs Act (TCJA), enacted on December
In response to the Notice issued by the Internal Revenue Service (IRS) requiring taxpayers to adhere to federal tax law
The U.S. Department of the Treasury and the Internal Revenue Service issued Notice 2018-54 advising taxpayers that proposed regulations will
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