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September 29, 2021

Law firm clients: Plan to attend 'The new elective state pass-through entity taxes - a survey of the latest developments' (October 4)

Law firm clients should plan to attend this EY webcast: "The new elective state pass-through entity taxes — a survey of the latest developments," on Monday, October 4, 2021, 2:30 pm - 3:30 pm (EST).

Following the release of Notice 2020-75, announcing the IRS's intention to issue regulations on the deductibility of certain state and local tax payments by partnerships and S corporations (see Tax Alert 2020-2690), many states have enacted, or are considering enacting, similar entity-level pass-through entity (PTE) taxes. During this webcast, EY panelists will:

  • Provide an overview of various enacted or proposed state PTE-level taxes
  • Discuss the US federal income tax considerations of a state PTE tax election
  • Compare the many different state PTE-level taxes, focusing on the states that created an entirely new tax
  • Discuss the ways these new state PTE tax laws mitigate the imposition of the two levels of tax through credits or income exclusions
  • Address the problems multistate PTE owners may face with the "other state tax credits" or "resident tax credits" in their home states for PTE taxes paid to nonresident states
  • Examine Law Firm sector issues and considerations of these state PTE taxes

Register for the webcast here (or use this URL:


Contact Information
For additional information concerning this Alert, please contact:
Law Firm Industry practice
   • Shelby Saad-Callahan (
   • Jon Spisto (