As state and local governments continued to announce extensions and other relief, we revise our guide to include the most recent announcements. As state and local governments continued to announce various tax, lending and filing relief measures in response to the COVID-19 pandemic, we have revised our original post to include the most recent announcements. We will … Continue Reading
As state and local governments continued to announce extensions and other relief, we have revised our original post to include the most recent announcements. We will continue to revise as more information is made available. As we practice social distancing during the COVID-19 (coronavirus) outbreak, our state and local governments, like the federal government, are … Continue Reading
Taxpayers routinely use pass-through entities (PTEs) such as limited partnerships, limited liability companies, or S corporations to conduct multistate business. Because most states conform to federal law, there is no entity-level tax on the PTE. Instead, states seek to tax the owners of the PTE on the income received – or passed-through – from the … Continue Reading
