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CA Pass-Through Entity Tax (PTET): Risks and Rewards of Making the PTET Election (Flash Drive)

Price:
$9.00
SKU:
SKU #22SFVBA-5-FD
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Self-study hours are logged by the listener and the one page list is kept in an MCLE compliance folder. The log requires a listing of each program title, the program's approved MCLE provider name, program length, and whether or not that program contains mandatory subfield credit (legal ethics, elimination of bias, or prevention of substance abuse.)

Participatory hours require a proctor (any adult who is not simultaneously using the same program for participatory credit) to complete and sign documents accompanying each participatory program. Those completed and signed documents are subsequently returned to Versatape and individual certificates of compliance are prepared and returned to the listener to be filed in a MCLE compliance folder. Versatape will also keep a copy of the certificates of compliance on file. If audited the State Bar will be looking for a copy of those completed certificates of compliance and a copy of the self -study hours log.

Note: Please note MCLE audio program hours listened to in excess of 25 hours in a 3-year compliance period cannot be carried over into the next 3-year cycle.

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Assemble your own 12 hour, 13 hour. or 25 hour package. Simply copy and paste the SKU number of each program you would like included into the Specific Programs Desired section and we will build your custom package for you. Remember to include the required subfield hours (if you need them): 4 hours of legal ethics, 1 hour of the elimination of bias and 1 hour of the prevention of substance abuse programs to your list (we can select them for you if you desire).

How They Work

MCLE: 1 hour

 

This seminar was recorded Monday, February 15, 2022.

 

CPA and US Tax Court Practitioner Larry Pon will discuss the California Pass-through Entity Tax election under AB 150, enacted on July 19,2021. This provides a much needed work around to the $10,000 state and local federal tax deduction limitation.

 

Larry will discuss the details behind this workaround including the risks and rewards associated with making this election. Individuals who are losing the benefit of federal deductions because of the $10,000 cap will benefit greatly from this presentation.

 

Program materials included. Speaker: Larry Pon. This seminar was recorded Tuesday, February 15, 2022. It expires on February 15, 2027. MCLE Credit: 1 hour

 

 

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