TITLE

Kentucky's Limited Liability Entity Tax

AUTHOR(S)
Loyd, Mark A.
PUB. DATE
July 2009
SOURCE
Journal of State Taxation;Jul/Aug2009, Vol. 27 Issue 5, p29
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the new Limited Liability Entity Tax (LLET) and its applications to various entities in Kentucky. It explains that LLET is a tax on gross receipts or gross profits of each corporation and limited tax pass-through entity (LLPTE) like the limited liability company (LLC). However, it also mentions some entities which LLET is not applicable like the general partnership and a qualified investment partnership (QIP).
ACCESSION #
53907030

 

Related Articles

  • LOSING ITS SHINE. Murray, Clare; Turnor, Richard; Hierons, Richard; Cooper, Cliff // Accountancy;Sep2014, Vol. 153 Issue 1453, p60 

    The author examines the changes in the limited liability partnership (LLP) in Great Britain over the years since the introduction of the first LLP legislation in 2000. Topics discussed include the original purpose of the LLP tax legislation which was the tax treatment of profits in an LLP be the...

  • Like-Kind Exchange Corner. Mary B. Foster // Journal of Passthrough Entities;Jul/Aug2010, Vol. 13 Issue 4, p21 

    The article presents an analysis of the same taxpayer requirement under the U.S. Internal Revenue Code Sections 1031 and 1033. It mentions that the requirement provides that the taxpayer who disposed the relinquished property in an exchange or the converted property in an involuntary conversion...

  • Tax Tip. Egerton, Charles H.; Weingart, Christine L. // Journal of Passthrough Entities;May/Jun2014, Vol. 17 Issue 3, p51 

    The article discusses audit procedures of the U.S. Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). Topics discussed include role played by tax matters partner (TMP) in informing the partners about tax proceedings at the partnership level, application filed by small limited liability...

  • Tax aspects of limited liability companies. Witner, Larry; Simons, Kathleen // CPA Journal;Aug93, Vol. 63 Issue 8, p22 

    Examines issues on the limited liability companies (LLCs). Brief history and popularity; LLC terminology; Classification regulations; Comparison with S corporations and limited partnerships; Tax advantages; Practical applications; Converting other entities to LLC.

  • Hungary seeks to sign agreements on exchange of tax info.  // Hungary A.M.;2/11/2014, p5 

    The article reports on the negotiations being held by Hungary with other countries in February 2014 concerning the exchange of information on tax matters.

  • State of the States. Ertmer, Brian; Sash, Robert // Journal of State Taxation;Summer2006, Vol. 24 Issue 5, p11 

    The article discusses the potential refunds for the California's limited liability company (LLC) fee. The San Francisco Superior Court had stated that the California's LLC fee violated the U.S. Constitution's fair apportionment standards on April 13, 2006. According to the author, this court...

  • LLC: A business form worth considering. Martin, Donald // National Public Accountant;Nov94, Vol. 39 Issue 11, p32 

    Focuses on the increased popularity of the limited liability company (LLC) as an alternative business form in the United States. LLC history; Limited liability and partnership taxation characteristics of the LLC; Advantages over subchapter S corporations and limited partnerships; Key...

  • Fighting for limits on an IRS plan. Pryde, Joan // Nation's Business;Jan98, Vol. 86 Issue 1, p32 

    Considers the Internal Revenue Service (IRS) rules that would increase taxes for members of limited-liability companies and partners in limited partnerships. The tax that would be required by the IRS; The organized opposition to the proposed tax; Views of the critics of the IRS tax.

  • They can have significant income tax consequences. Mangina, Norman J.; Plummer, Elizabeth // CPA Journal;Apr97, Vol. 66 Issue 4, p30 

    Focuses on the `check the box' regulations, which allow the limited liability company (LLC) to select whether to be taxed as a partnership or corporation, have removed the uncertainty that existed as to whether all the appropriate criteria had been met. Advantages of LLCs; Analysis on the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics