May 1, 2022
The Mann Report published an article by Tax Director Daniel Smith, about SALT deduction workarounds and entity structure.
The Mann Report
By Daniel Smith, Director, Tax & Business Services
Excerpt:
Since individual and trust owners of PTEs report their proportionate share of business income on their respective returns, these entity level tax workarounds shift state taxes on PTE income from the individual and trust owner back to the PTE.
