Author: Colleen Netzell

Entity Level Tax is a Valid Workaround on the $10,000 SALT Limitation

November 13, 2020 by Colleen Netzell
Copeland Buhl
The TCJA limited the state and local tax (SALT) itemized deduction to $10,000, which essentially increased the federal income tax on many small business owners operating as passthrough entities (PTE) (i.e. partnerships and S corporations).   For federal purposes, a PTE’s income is taxed on the individual income tax return and...
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Sales Tax Nexus - Fallout from the Wayfair Decision

March 12, 2020 by Colleen Netzell
State and Local Taxation
In June 2018 the US Supreme Court transformed the landscape for businesses collecting sales tax[i].   Our October 8, 2018 blog, “Economic Nexus and How it Might Affect You”, explained the impact of this decision.  A year and half later, apart from Florida and Missouri, all states with a sales tax[ii]...
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