12.02.2021 - By Deloitte US
How does a Passthrough Entity Tax (PET) work and why have 20 states enacted them? In this latest episode, Multistate Tax specialists Dan Daly and Jason Kang explain what PETs are and who might benefit the most from them. And, since PETs are enacted differently state by state, Dan and Jason underscore the need for taxpayers to discuss the implications of being taxed in this manner with their tax advisors.