Can You Benefit From Making A
Pass-Through Entity Tax Election?
Is your restaurant a pass-through entity operating as a partnership, an LLC taxed as a partnership, or an S corporation? If so, there may be significant tax savings opportunities based on your geographic footprint.
In this article, we illustrate the SALT cap, which limits the state tax paid by restaurant owners operating their businesses as a pass-through entity, and the SALT cap workaround, an elective pass-through entity tax enacted by roughly 30 states. Click here to learn more.