Webcast: Arizona Passthrough Entity Tax: Overview and Update on Developments to Date (8-11:30)
For 2022 tax years, Arizona's elective passthrough tax takes effect for eligible entities, allowing qualified Arizona passthrough entities' equity holders to potentially take advantage of a larger deduction for Arizona income taxes pursuant to IRS Notice 2020-75.
In this course we'll look at the mechanics of making the election to pay the Arizona passthrough entity tax, the requirements to gain a maximum benefit of this tax election under IRS Notice 2020-75 (or successor regulations), what entities qualify to make this election and what we know about how the tax will be reported and paid to the Department of Revenue.
This course covers the same content as shared in the August 30, 2022 seminar.
ASCPA Live Online Webcast
Phoenix, AZ 85034-6617