AICPA position paper on state pass-through entity-level ...

STATE PASS-THROUGH ENTITY-LEVEL TAX IMPLEMENTATION ISSUES BACKGROUND One of the provisions of the 2017 federal tax reform (Pub. Law No. 115-97, commonly referred to as the Tax Cuts and Jobs Act (TCJA)) was a limit on the amount of state and local taxes an individual can deduct for regular federal income tax purposes. Congress amended section 164 by

  Implementation, Entity, Issue, Levels, Through, Pass, Through entity level tax implementation issues