FAQs Related to State Pass-Through Entity Tax Elections
Introduction Recently, there has been a significant uptick in the number of questions surrounding the tax considerations of deducting state....
Read more
State Taxability of the Employee Retention Credit (ERC)
Companies are starting to receive ERC funds for which eligible employers were granted credits due to COVID-19 closures. The question arises....
Read more
Estate Tax Portability Election
Executive Summary Under current law, up to $11.7 million per person (or $23.4 million for married couples) can be gifted or transferred upon death,....
Read more
NJ Amends its SALT Cap Workaround
On January 18, 2022, NJ amended its SALT cap workaround in order to allow New Jersey taxpayers an expanded benefit for paying NJ tax. As a result....
Read more