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Podcast
Understanding PTET in M&A transactions
Part of the Tax News & Views podcast series
In this new episode, Deloitte specialists explore the implications of pass-through entity tax (PTET) elections on M&A transactions. Discover how PTET can influence tax planning and compliance, significantly benefiting buyers and sellers in complex deals. Also, learn about the potential expiration of the state and local tax (SALT) cap and its implications, and understand the importance of state-specific compliance requirements to avoid pitfalls.
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Understanding PTET in M&A transactions
In the latest episode of the Tax News & Views podcast, host Carrie Falkenhayn is joined by Olivia Chatani and Valerie C. Dickerson to explore the strategic use of state pass-through entity taxes (PTETs) in M&A transactions, a concept that gained prominence following the Tax Cuts and Jobs Act of 2017.
Olivia and Valerie provide in-depth insights on how PTET elections can offer federal tax deductions at the entity level, benefiting both buyers and sellers. They discuss specific M&A activities that create opportunities for PTET elections, such as stock sales treated as asset sales. Additionally, our specialists emphasize the importance of understanding state-specific compliance requirements to effectively navigate these elections. The discussion also covers the potential expiration of the state and local tax (SALT) cap and its implications, highlighting the need for thorough planning to enhance benefits and help avoid compliance pitfalls.
PTET can help align the interests of both parties—the buyers and the sellers.
—Olivia Chatani
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