This webinar will consist of a review of the basics of Illinois income taxation.We will discuss personal income taxation issues, including residency issues. We will review the Illinois taxation of pass-through entities at the entity level, and the taxation of income from pass-through entities received by partners and Subchapter S corporation shareholders. We will include a discussion of the federal SALT cap work-around legislation enacted in Illinois in 2021. In addition, we will review the basics of Illinois corporate income taxation. This will include a discussion of the Illinois unitary business definition and combined reporting, business and nonbusiness income, income apportionment, credits and incentives and other key concepts. Please join Keith Staats, Executive Director of the Illinois Chamber’s Tax Institute, for this timely webinar!
Continuing Education Offered: 2.00 HRCI, 2.00 SHRM, 2.00 CLE credit per attendee request prior to event, 2.00 CPE for Illinois CPAs, and 2.00 Management/Supervision Compliance Certificate Credits.
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