Trader Tax Battle Of The States

Discussion in 'Taxes and Accounting' started by Robert A. Green, Jul 22, 2016.

  1. Traders have unique tax issues on state and local income tax returns for business entities and individuals. Moreover, state and local tax regimes vary significantly. The preferred business entity for a trader is an S-Corp pass-through entity, which is free of entity-level federal taxation. Some states and cities subject S-Corps to taxation.

    In my five-part series for Forbes, “Trader Tax Battle Of The States,” I focus on state and local tax systems for S-Corps, LLCs, and partnerships. I mention basic information about individual income tax, estate and inheritance tax regimes.

    A Few States Tax S-Corps, But Traders Can Reduce The Burden

    California Vs. Texas

    New York Vs. Florida
    Midwest Vs. Southeast Top 10 States

    New Jersey, Washington & Massachusetts

    Nevada Vs. New Hampshire - (link coming soon on http://www.forbes.com/sites/greatspeculations)

    Do you have any state and local tax question?
     
  2. TradeCat

    TradeCat

    I do.
     
  3. What's your question? Thanks.