Podcast

Passthrough Entity Tax: A fresh look

Part of the Tax News & Views podcast series

How does a Passthrough Entity Tax (PET) work and why have 20 states enacted them? In this latest episode, Multistate Tax specialists Dan Daly and Jason Kang explain what PETs are and who might benefit the most from them. And, since PETs are enacted differently state by state, Dan and Jason underscore the need for taxpayers to discuss the implications of being taxed in this manner with their tax advisors.

Listen and subscribe to the Tax News & Views podcast:

Listen on Apple Podcast Listen on Google Podcast Listen on Spotify Listen on Stitcher Listen on Souncloud Listen on Pandora

Tax podcast: Passthrough Entity Tax: A fresh look

While some uncertainty remains concerning the deductibility of Passthrough Entity Taxes, to date, 20 states have enacted them. Host Carrie Falkenhayn and Deloitte Multistate Tax specialists Dan Daly and Jason Kang explore why a passthrough entity may choose to be taxed in this manner, some of the complexities they may face, and the possible impact that may occur as a result of changes to the current SALT limitations.

In the next 12 to 18 months, there is something like 400 SPACs that are currently looking for targets. And with only so many high-quality targets available out there, I think there’s going to be fierce competition amongst these investors to find and make deals happen.

—Dan Daly

white house icon
Learn about the latest tax policy updates with the Tax News and Views podcast

Subscribe to Tax News & Views

There are plenty of tax-related policy and regulatory updates these days. Clear-eyed analysis of it is more difficult to come by. Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business.

Listen as Deloitte Tax specialists provide key highlights of tax legislation, regulation, and more.

Subscribe now on: iTunes | SoundCloud | Stitcher | Google Podcasts | Spotify

Or visit the Tax News & Views library for the full collection of episodes.

white house icon
View the Tax News & Views library
Did you find this useful?