New
21WM-0011: 2021 Minnesota Income and Pass-Through Entity Tax Update (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Monday, December 6, 2021
1:00pm - 2:15pm Central Time
1.5 CPE (1.5 technical)
Not only did the 2021 Minnesota legislative session deliver another round of retroactive federal conformity, it also created a new pass-through entity (PTE) tax, effective for the 2021 tax year. Examine these federal conformity changes for tax year 2021 as well as for prior years (2017-2020), with emphasis on new PTE tax implications.
Major subjects
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Conformity to pandemic relief income -- PPP loans, unemployment compensation, EIDL grants/loans, restaurant revitalization grants and shuttered venue operator grants
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Conformity issues first affecting tax year 2021 returns
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Implications of continued near-total nonconformity to the CARES Act, including the impact on carryforward items into the 2021 tax year
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Breakdown of the new PTE tax -- impact of potential changes to the SALT deduction cap by Congress, interaction between Minnesota's PTE tax and other states' PTE taxes, and a walkthrough of 2021 Schedule PTE
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Bipartisan Budget Act (BBA) partnership audit regime conformity
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Technical correction to the Section 179 addback regime for fiscal year PTEs that placed assets in service prior to tax year 2020
Learning objective(s)
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Learn the implications of the 2021 Minnesota Tax Bill, 1st Spec. Sess. H.F. 9
Who should take this program?
Tax preparers and advisers responsible for preparing, reviewing or signing Minnesota income tax returns
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$125.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$75.00
|
 Standard Nonmember Fee |
$125.00
|
