IL PTE

Technical topics regarding tax preparation.
#1
ocdtax  
Posts:
162
Joined:
16-Feb-2021 4:37pm
Location:
FL
Hello,

For a law firm with nonresident partners in IL, is IL PTE not a good option? We don't prepare the partnership return, just the individuals. Lots of bad experiences with the firm that prepares the partnership return and I no longer trust them. Can someone with IL expertise tell me how the PTE could be bad for partnerships? Is it because of guaranteed payments and personal service income somehow?
 

Return to Taxation



Who is online

Users browsing this forum: JoJoCPA, rkrcpa, UnlicensedTaxPro and 112 guests