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Home > Federal Tax Update Podcast > 2018-08-28 State Tax Credits take a Hit
Podcast: Federal Tax Update Podcast
Episode:

2018-08-28 State Tax Credits take a Hit
Category: Business
Duration: 00:31:31
Publish Date: 2018-08-26 15:37:32
Description:

This week we look at the following items:

  • Taxpayers creating multiple entities to try and avoid double taxation of C corporation income find their plan fails
  • IRS issues SALT workaround regulations and affect both new and pre-existing state tax credit programs
  • Modifications made to automatic accounting method revenue procedure to deal with S corporation revocations under special TCJA rule
  • Guidance provided on applying the rules to compute UBTI separately for each trade or business

Copyright 2018, Kaplan, Inc.
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