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Top Considerations for June 15 CA Passthrough Payment Deadline
Richard A. Huffman, CPA, MST
Tax Partner
The June 15 deadline is approaching for the mandatory prepayment of the 2022 California passthrough entity elective tax workaround deposit. Important details to consider are as follows:
Benefit
By…

New Law Tax Workaround for CA Pass-Through Business Owners
Richard A. Huffman, CPA, MST
Tax Partner
The 2017 Tax Cut and Jobs Act limits individuals state and local tax deduction to $10,000 a year through 2025. California passed into law a workaround for tax years 2021- 2025.
Qualifying…