Gatto McFerson Certified Public Accountants
Gatto McFerson Certified Public Accountants
LATEST NEWS2022-02-26T13:08:01-08:00

Updates from the Firm

New Details on Pass-Through Entity Tax

February 22nd, 2022|

As we have mentioned before, several states, including California, have recently enacted legislation that allows S-Corporations and partnerships to pay state income taxes at the business level via their Pass-Through Entity (PTE) tax return.

Pass-Through Entity Tax Worksheet

February 22nd, 2022|

Here is an example of a Pass-Through Entity Tax Worksheet for reference, with footnotes for specific line items, to show how these new regulations might effect you.

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