Multistate Taxation of Flow-Through Entities

Focus on how flow-through entities are taxed by states and look at their income base and rate structure. Discuss all types of flow-through entities with particular emphasis on LLCs, S corporations and trusts. Plus, explore the doing business concept and how it applies to flow-through entities that are organized outside the state.

Analyze how the income flows through to the partner, shareholder or member, and when the owner is deemed to be doing business in the state; look at the states that offer (and those that require) the filing of a composite tax return; dissect the requirements that apply to filing this unique tax return; and gain a full understanding regarding utilization of credits by both the multistate entity and their owners.