Addendum – Estimated Tax Payments: Just after our article went to press, we received some informal guidance from the DOR regarding estimated tax payments that presents a bit of a conundrum for those considering the PTE election. As explained below, it may be necessary to make duplicate estimated payments at both the entity
This year, a number of state legislatures considered and passed legislation that creates a pass-through entity (PTE) tax as a workaround to the $10,000 cap on the state and local tax (SALT) itemized deduction. Nearly 30 states have enacted a PTE tax. Mississippi is one of the more recent states to join the ranks.
Beginning
The Jones Walker LLP State and Local Tax Team is back live and in-person with a day-long program on September 20, 2022, titled Jones Walker: Gameshow! This state and local tax workshop will address all the relevant issues that have been picked up for a new season, as well as discuss and preview all the