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B 200 25 Withholding Tax on Owners of a Pass through Entity  Form

B 200 25 Withholding Tax on Owners of a Pass through Entity Form

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[Music] from deoe tax welcome to the tax News and Views podcast in this podcast series we talk to Specialists from deoe about the latest business issues and developments I'm Carrie Falcon Hane your host for tax news andews and today's topic is the pass through entity tax while pass through entity taxes existed before we have seen more States enact pet legislation since the tax cuts and job act limited deductions for individuals of their state income taxes each state has its own nuances so consideration needs to be made whether these rules are beneficial to the partners in any partnership and whether the impact might be different to different groups of Partners joining me today to share their insights are two multi-state tax Specialists Dan Daly and Jason King so to get us started Jason maybe you can talk a little bit more about what a pass through entity tax is and why a pass through entity might make the election to be taxed that way Carrie that as you alluded to the t

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