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Date and Time: Monday, January 17 – 10:00 am – 10:50 am EST

Description: This presentation will provide an analysis of the Michigan law (House Bill 5376) allowing entities to pay income tax at the entity level as a “workaround” to the federal income tax limitation on the state and local tax deduction.

Learning Objectives: 

  • Provide a detailed analysis of the Michigan workaround law and its impact on eligible entities and their owners and how to implement practical strategies based on the SALT workaround legislation.

Program Content:

  • NEW legislation on the Michigan SALT workaround Act
  • Latest regulatory pronouncements related to the Act
  • Factors influencing whether to make the election.
  • Detailed examples illustrating the pros and cons of the election.
  • Flow-through entities that are eligible and how the Act impacts them.
  • Required calculations and decision factors.

    Who should attend: CPAs in public practice seeking a better understand of the new SALT law.

    Program Level: Update

    Developed By: Federal Tax Workshops, Inc

    Instructor: Steven C. Dilley, CPA, JD, PhD

    CPE Credit: 1

    Field of Study: Taxes

    Prerequisites: Basic working knowledge of state and federal taxation.

    Advanced Preparation: None

    Price: $35

    Steven C. Dilley, CPA, JD, PhD

    Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.

    In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.

    Course materials are only available to students enrolled in the course.