The ABA Tax Section’s "Last Wednesday of the Month" Teleconference and Webcast will be held today from 1:00 – 2:30 pm EST on State Taxation of Pass-Through Entities and their Owners: An Overview of the Issues and the Opportunities:
The program will address various state and local tax issues, and potential opportunities, raised by the use of pass-through entities such as partnerships, limited liability companies and S corporations. It will first provide a discussion of the relative merits of the different types of entities for state tax purposes and some background on the history and formation of these type of entities. The presentation will also focus on the effect that state conformity, or non-conformity, to the federal check-the-box rules has on the use of a pass-through entity. In addition, the presenters will discuss issues related to determining whether the nonresident owner of a pass-through entity will have nexus in a state in which the entity does business and the treatment of an ownership interest in a pass-through entity for state apportionment purposes. Finally, the presentation will address recent state tax developments across the United States affecting pass-through entities.
Th panelists are:
• Michael McLoughlin (Moderator) (Jones, Walker, Waechter, Poitevent, Carrère & Denègre LLP, New Orleans)
• Bruce P. Ely (Bradley, Arant, Rose & White LLP, Birmingham, AL)
• Walter Hellerstein (Georgia)
