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Tax update: S elections, PTE, and Sec. 1202
Journal of Accountancy Podcast
English - June 15, 2022 15:57 - 27 minutes - 37.6 MB - ★★★★ - 68 ratingsBusiness tax accounting finance financialreporting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Fellow tax podcaster Damien R. Martin, CPA, (Simply Tax) perhaps put it best on Twitter: “No one can rap 1202 like Master Nitti.”
Martin was referring, of course, to IRC Sec. 1202, the exclusion for gain from certain small business stock, and one of its foremost interpreters, Tony Nitti, CPA, as Nitti spoke about Sec. 1202 and other selected business tax topics at AICPA & CIMA’s ENGAGE 22 conference in Las Vegas.
We were extremely fortunate that Nitti generously shared a bit of his mastery on Sec. 1202, S corporations, and state passthrough entity (PTE) tax elections, in this podcast recorded June 8, a day before his ENGAGE presentation.