Oregon's Pass-Through Entity Elective Tax (PTE-E) (2.5 hours - morning) – Webcast
Overview
Join experienced local practitioners for a deep dive into the Oregon Pass-Through Entity Elective Tax (“PTE-E”). This will include background on the program, changes from 2023 to 2024, and how to advise clients on the PTE-E and other pass-through elective state taxes. The course will include an overview of the PTE-E program, forthcoming potential changes from the Oregon Department of Revenue and Oregon Legislature, and how the PTE-E can interact with similar laws in other states. We will also include a survey of programs currently available in other states throughout the country, with a focus on what Oregon practitioners and businesses should know. Practitioners will offer their perspectives on planning for the PTE-E and other SALT workaround programs, how this practically applies to client situations, and insight into planning opportunities and pitfalls.
Highlights
- Deep dive into the mechanics of the Oregon PTE-E program.
- Details on how the program works, and both known and potential changes for 2024 and beyond.
- In-depth review of eligibility for the PTE-E program and related entity structure planning.
- Survey of and discussion of interaction with other SALT workaround taxes in other states.
- Planning opportunities, pitfalls, and strategies.
- And much more!
Prerequisites
Familiarity with federal tax issues for various entities, how partnerships and S-Corporations are taxed at the federal and state level, and familiarity with existing Oregon tax law. Basic familiarity with the PTE-E program.
Designed For
CPAs and professionals involved in tax preparation and planning for pass-through entities and their owners in Oregon.
Objectives
Enables participants to develop a deeper understanding of the new Oregon PTE-E program and implement it for clients.
Leader(s):
Leader Bios
Adam R.K. Abplanalp, Managing Partner & CEO, Cobalt PC
Adam Abplanalp serves as Managing Partner & CEO at Cobalt, P.C., a real estate-focused CPA firm located in Portland, Oregon and Honolulu, Hawai'i, which he founded in 2015. Adam's practice focuses on providing tax, accounting, and advisory services, primarily to real estate owners, investors, managers, brokers, and developers.
As part of his public accounting practice, Adam is a recognized expert in Oregon, Washington, and Hawai'i state and local tax laws, tax planning, and compliance, and he routinely testifies before and works with the Oregon Legislature, Oregon Department of Revenue, City of Portland Revenue Division, and various other state and local tax authorities. Adam is a frequent speaker on real estate and state and local taxation, both for CPAs and for real estate industry professionals. Since 2018, Adam has also served on the City of Portland's Revenue Division Appeals Board.
In addition to being a Certified Public Accountant licensed in Oregon, Hawai'i, New York, and Washington, he holds a Chartered Professional Accountant license in British Columbia, Canada, is a Certified Fraud Examiner, and is licensed as a Real Estate Principal Broker in Oregon and Managing Broker in Washington.
Adam has been an OSCPA member since 2010, has served as a leader on various OSCPA committees, and is the 2024-25 OSCPA Board Vice Chair.
(3/19/24)
Harriet Strothers, State and Local Tax Partner, Delap LLP
Harriet Strothers has nearly 40 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. With extensive experience managing tax compliance and audits for all areas of state taxation as well as IRS LMSB "Large Case" audits, Harriet also performs state and local due diligence related to mergers and acquisitions.
Harriet spent almost half of her career in industry with The Ryland Group, a Fortune 500 home builder and mortgage lender that operates in 28 states. Upon her return to public accounting in 2007, Harriet observed that there was a need for business leaders to better understand how State and Local Taxes affected their financial decision making. Rather than developing an industry-specific concentration, Harriet focused on state tax minimization through planning and remediation strategies for taxpayers who operate in multiple states. These strategies include multi-state income/franchise tax refund engagements and reverse sales/use tax audits, as well as state voluntary disclosures to mitigate past tax liability. Harriet's experience in industry included extensive audit defense. She has leveraged that experience into numerous successful audit strategies that she regularly employs when defending clients under audit by taxing authorities.
A frequent presenter on multi-state tax issues, Harriet has managed many large multi-state income/franchise tax refund engagements and reverse sales/use tax audits. She has managed and delivered numerous voluntary disclosure services and audit defense services in almost every state. Harriet has substantial experience advising clients on product sales/use taxability for different types of transactions and on nexus-related issues in 50 states.
After a two-year stint at Schnitzer Steel, Harriet worked with Moss Adams for six years before joining the team at Delap in 2014.
(3/3/21)
Non-Member Price $99.00
Member Price $69.00