COR2311. Pass Through Entity Elections - What Has Changed?

As the existence of Pass Through Entity election regimes has now existed for several years, we continue to monitor the inconsistent treatment in many states. At the same time, the initial legislation passed by many states is vague in nature and needs to be supplemented with administrative guidance which is often issued too late to practically make filing decisions on returns and is often contrary to many practitioners' interpretation of the underlying statutes. This session will give an overview of the current state of PTE regimes and address many of the challenges faced by taxpayers and practitioners while navigating these opportunities.

Learning Objectives:

• Identify the purpose and underlying benefit of making a PTE election.
• Understand the purpose and underlying benefit of making a PTE election.
• Recognize the challenges and risks involved depending on the state and the underlying facts of the PTE and its owners.