Knowledge Center

Thursday, September 11, 2014

HMB's Jennifer Zimmerman Featured in AGN North America Webinar on State & Local Tax Issues

"Tiered Flow Through Entities: Non-resident Withholding Requirements and Composite Returns"

State & Local Tax Webinar, AGN North America

Sept. 18, 2014 @ 1 pm CT

Businesses own other businesses for many reasons, including segregation of liabilities, investment opportunities, and division of brands or business lines. In the increasingly complicated state tax world, flow-through entities owned by other entities can create a wealth of additional reporting requirements and compliance complexities.

In this webinar, Jennifer Zimmerman of  Horwood Marcus & Berk Chtd., will focus on the nonresident withholding requirements, composite returns, and in what instances one option may be better than the other.


Summary of Flow-Through Entities - Tax Treatment
- State Degrees of Federal Conformity
Withholding and Composite Filing Considerations
- Withholding Requirements
  - DeMinimis Limits
  - Other considerations - basis, estimated payments
  - Potential Exemptions
  - Relationship with Non-resident Agreements
  - Election to Opt-Out - When to do so
- Composite Returns
  - Requirements
  - Elections or Agreements
  - Advantages and Disadvantages

- Impact on Distributions

For more information about the webinar and to register, visit the AGN North America Webinar website.

For more information about AGN North America, an Association of Separate and Independent Accounting and Consulting Firms, visit the organization's website.

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