Pass-through entities in many U.S. states now have the option to calculate and pay income tax at the entity level, which may offer tax savings.
Pass-through entities in many U.S. states now have the option to calculate and pay income tax at the entity level. This may be advantageous for taxpayers seeking to lower their federal income tax liability.
Is your transportation or logistics company a partnership, LLC, or S corporation? If so, you may benefit from making a state pass-through entity tax election to claim a federal tax deduction.
Watch our new video, SALT — Pass-Through Entity Tax Election, to learn more.
How we can help
We can help you evaluate this tax strategy — and offer other tax planning opportunities for even more savings. Contact us to get started.
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