The Tax Management Portfolio, State Taxation of Pass–Through Entities: General Principles describes and compares the state tax provisions applicable to the most commonly used pass–through entities; the different types of participants in such entities; jurisdictional issues presented by nonresident and corporate participants; the application of state allocation and apportionment rules to pass–through entities and their participants; and various mechanisms used by the states to increase compliance with filing and tax payment obligations.
This Portfolio identifies important issues and differences in the approaches taken by the states that help aid you in structuring the entity in the most tax–advantaged manner, rather than attempting to catalogue each of the specific state tax rules applicable to pass–through entities and their participants.
