This publication is the first to provide both an in-depth, state-by-state discussion of the manner in which each jurisdiction specifically addresses topics facing pass-through entities and their owners, and specific citations that enable tax professional to analyze the context of authority upon which conclusions are based.

The treatise is divided into three parts:

• State Income and Franchise Tax Filing Requirements and Issues
• Unique State Income Tax Issues for S Corporations
• State Sales and Use Tax Issues

Specific topics covered within these sections include:

• Conformity to the federal check-the-box regulations
• State income/franchise filing requirements for pass-through entities and their owners, including income tax withholding
• The submission of nonresident income tax agreements
• The availability of composite returns
• Pass-through entity-level taxes - a rapidly changing area of state law
• And much more

This treatise focuses on the treatment of common pass-through entities, such as general and limited partnerships, LLCs, including disregarded single-member LLCs, and S corporations, including qualified subchapter S subsidiaries (QSubs).

Also includes an appendix of 17 tables providing state-by-state summaries, with authority, of conclusions reached in the treatise to enable tax professionals to quickly compare the manner in which various jurisdictions address these issues.