Baker Tilly knows from experience that partnerships, S corporations, and other entities in which income and losses flow through to owners or investors face a variety of tax planning challenges. There are complicated IRS rules for determining the basis for each member’s distributions, losses, and tax liabilities, and some states require withholding even with no distributions.
At Baker Tilly, 90 percent of our clients are pass-through entities. Extensive work in this area gives us valuable insight into pertinent tax laws and a thorough understanding of how pass-throughs work. You can rely on our knowledgeable tax professionals to help you implement a strategy for timing distributions and managing income and losses in a way that minimizes taxes for all owners.
Turn to Baker Tilly for help with:
Tax planning and compliance for all pass-through entities
Determining basis and calculating distributions of income and losses
Choosing and establishing appropriate flow-through structures
Estimating tax implications of sales of interests
Strategies for entities operating in multiple jurisdictions
Subscribe via RSS