"State taxation of pass-through entities is incredibly complex because of the variety of approaches the states have taken to applying their individual and business taxes to them," said Steve Wlodychak, principal with Ernst & Young LLP's Indirect (State and Local) Tax Practice, and co-lead author of the Navigator.

Detailed analysis helps practitioners better understand pass-through entities, including partnerships, LLPs, LLCs, S corporations, SMLLCs, series LLCs, QSubs, RICs, REITs, and REMICs. Tax professionals can pinpoint and chart out the answers they need with access to more 1,700 chartable topics, such as formation, conformity to federal tax classifications, taxes imposed, withholding, and composite returns.

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