Consider a Pass-Through Entity Tax Election to Maybe Save on Federal Taxes
Pass-through entities in many U.S. states now have the option to calculate and pay income tax at the entity level. This may be advantageous for taxpayers seeking to lower their federal income tax liability.
Is your transportation or logistics company a partnership, LLC, or S corporation? If so, you may benefit from making a state pass-through entity tax election to claim a federal tax deduction.
Watch our new video, SALT — Pass-Through Entity Tax Election, to learn more.
How we can help
We can help you evaluate this tax strategy — and offer other tax planning opportunities for even more savings. Contact us to get started.
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.
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