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About the Course
Introduction
This CLE/CPE course will guide tax counsel and advisers to resolve complex tax questions confronting pass-through entities with a presence in more than one state. Our panel will brief attendees on state recognition rules and other complexities that apply to multistate S corps, LLCs, and partnerships.
Description
More and more pass-through entities have a legally recognized presence in more than one state due to recent changes in federal tax law and precedents regarding nexus. As a result, tax advisers and counsel must prepare to advise multistate pass-through entities and their owners to manage and comply with complex and often inconsistent state tax law requirements.
If pass-through entity owners are located in many states, this compounds the already complex challenges for tax counsel and advisers and may expose the entity to further state tax obligations. Counsel and advisers need tools to balance the myriad competing state law obligations they will face.
Listen as our experienced panel carefully reviews the complex interaction of varying state tax law regimes with pass-through entities. Attendees will benefit from a discussion of state recognition rules, election issues, federal conformity, composite returns, and more.
Presented By
Ms. McLoughlin is a partner in the Tax Practice Group. She focuses her practice on state and local tax planning and controversies, with an emphasis on issues facing financial services companies, insurance companies, and utilities. Ms. McLoughlin provides broad-ranging state and local tax counsel to clients across the country. With years of experience in private practice, as in-house tax counsel at leading financial institutions, and as an attorney in the Chief Counsel Division of the Internal Revenue Service, she understands the goals and priorities of taxpayers and tax authorities. Ms. McLoughlin advises on multistate tax matters, with an emphasis on New York and New Jersey issues. She has also litigated matters for various taxpayers, including airlines, media and entertainment companies, banks and financial institutions, insurance companies, and individuals before the New York State Tax Appeals Tribunal and the New York Appellate Division with respect to corporate income tax, insurance tax, bank tax, and sales tax issues. Ms. McLoughlin has represented pharmaceutical companies, utilities, and other clients in New Jersey courts. She also actively handles all phases of residency/domicile audits, from audit through litigation.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
Date + Time
- event
Tuesday, August 19, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. State conformity to the federal treatment of pass-through entities
II. Jurisdiction to tax (nexus) pass-through entities and their owners
III. Apportionment of pass-through entity income
IV. Entity-level taxes and the federal SALT deduction cap
V. State taxation and the partnership audit rules
The panel will review these and other high priority issues:
- Reconciling varying state recognition rules when determining state tax liability
- Navigating federal conformity when determining a pass-through entity's state tax obligation
- Identifying nexus-creating activities of multistate pass-through entities
- Comparing apportionment regimes among various state tax jurisdictions
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Unlimited access to premium CLE, CPE, Professional Skills and Practice-Ready courses.:
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