IRS Clarifies the Deductibility of Payments by Partnerships and S Corporations for Certain State and Local Income Taxes

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About the Author

Kelly Zack, MST

Kelly is a senior leader in AAFCPAs’ Commercial Tax practice. She advises individuals, partnerships, corporations, and trusts operating in multiple states and municipalities on opportunities to save tax dollars through advanced tax planning and risk mitigation. She enthusiastically assists AAFCPAs clients in identifying all location-specific tax incentives and credits which could have a major impact on business entities and their owners. Kelly has deep expertise providing: nexus analysis for income/franchise tax and sales & use taxes; …