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California basis reporting and state passthrough entity taxes
February 20 @ 1:00 pm – 2:00 pm EST
Free
1 CPE credit
Over the past several years, states have imposed new tax requirements for passthrough entities. Most recently, California implemented a new tax basis capital account reporting requirement and Illinois enacted changes to its investment partnership law. Additionally, many states continue to issue guidance surrounding passthrough entity taxes. We’ll discuss:
- Changes to California’s tax basis capital account reporting requirement for 2023
- Illinois’ investment partnership law changes and anticipated administrative guidance
- Considerations surrounding the passthrough entity tax in California, Illinois, New York, and other
