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Course Level :Basic
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Credits :2
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
The TCJA imposes a $10,000 limitation for
deducting state and local taxes.
California has finally joined a growing list of states that have
implemented a workaround using pass-through entities in order to minimize the
impact of the limitation.
For taxable years 2021 through 2025 AB 150
allows qualified pass-through entities to pay and deduct a pass-through entity
tax. AB150 also increases funding for various business tax credits and
additional stimulus payments.
All flow-through entities that are
qualified entities can elect to pay the CA PTET. Flow-through entities include
S corporations, limited liability companies, limited liability partnerships, or
limited partnerships (hereinafter “qualified entities”). General partnerships also meet the qualifications for the CA PTET election. Stand-alone disregarded
entities and corporations are precluded from electing to pay the tax, but
having such entities as partners/shareholders do not preclude an otherwise
qualifying entity from being able to elect into paying the CA PTET.
Your clients are asking if they should
consent or not consent to the Passthrough Entity Tax election. Should they?
Find out in this CE Tax webinar as the speaker will cover the following major topics:
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Owner, Pon & Associates
Lawrence Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA
Mr. Pon has been in tax practice since 1986 and speaks regularly to tax professionals and financial advisors on the latest tax planning and preparation topics.
Mr. Pon enjoys helping his clients reach their financial goals through comprehensive tax planning and financial planning.
Mr. Pon received his BS in Business Administration (Accounting & Finance) from UC Berkeley and MS in Taxation from Golden Gate University in San Francisco.
We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.
We provide a variety of services including:
Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.
30 Ratings
AI
Jun 1st, 2022
Great content. Speaker was good.
Jun 28th, 2022
This was a frustrating course as the handout provided with the email notification was not the same one he used. When I asked the moderator to email me the correct version the response was the link is in the chat. I stated this will be notated on the evaluation form. So the moderator ask what I needed and I stated again to have the handout emailed to me. I was told it would be emailed so I waited. It was emailed after the class ended.
RG
May 31st, 2022
It was not clear to me that the webinar was not live and with timing there were items changed in the law since the seminar date
2 Credits
Subject Area
Aug 15, 2022 | 10:00 AM EDT
Aug 15, 2022 | 10:00 AM EDT
Aug 15, 2022 | 10:00 AM EDT
Aug 15, 2022 | 11:00 AM EDT
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