New Jersey Pass-Through Entities Can Now Pay Income Tax-SALT ‘Workaround’ Approved by IRS
In January 2020, New Jersey passed a law that allows pass-through entities to pay income tax at the entity level. On November 10, 2020, the IRS today issued Notice 2020-75, which announces rules to be included in forthcoming proposed regulations. Specifically, the proposed regulations will clarify that state and local income taxes imposed on and […]
Read More