Did the IRS Bless the Passthrough Entity Workaround to the $10K SALT Cap? episode artwork

EPISODE · Nov 16, 2020 · 15 MIN

Did the IRS Bless the Passthrough Entity Workaround to the $10K SALT Cap?

from The State Tax Show · host BakerHosts | BakerHostetler

For three years, states and taxpayers have been looking for novel ways to get around the federal TCJA's $10,000 cap on deducting state and local taxes. The IRS just released Notice 2020-75, which appears to bless states' passthrough entity tax workaround regimes. But there is a lot more below the surface. There will be winners, losers, and continuing ambiguity. Matt Hunsaker breaks down the issues.Questions & Comments: [email protected]/matthunsaker

NOW PLAYING

Did the IRS Bless the Passthrough Entity Workaround to the $10K SALT Cap?

0:00 15:41

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of The State Tax Show?

This episode is 15 minutes long.

When was this The State Tax Show episode published?

This episode was published on November 16, 2020.

What is this episode about?

For three years, states and taxpayers have been looking for novel ways to get around the federal TCJA's $10,000 cap on deducting state and local taxes. The IRS just released Notice 2020-75, which appears to bless states' passthrough entity tax...

Can I download this The State Tax Show episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!