Millionaire Tax Overview With Greg & George WEBCAST

Overview

Washington’s new millionaire’s tax marks a major shift in the state’s tax landscape. This course provides a concise, practical overview of the new regime, covering how it works, who it affects, practical application to our clients, and where the biggest technical and legal questions remain. Ideal for practitioners, it offers a clear roadmap to one of the most important recent developments in Washington state taxation.

Highlights

Structure of the tax, rate, effective date, threshold, deductions, credits, and overall statutory framework.
Residency and sourcing.
Resident versus nonresident treatment, domicile concepts, and Washington-source income rules.
Interaction with other Washington taxes.
Coordination with the capital gains tax, pass-through entity provisions, and related credits.
Constitutional and policy issues, Washington constitutional background, expected litigation, and broader policy implications.
Practical applications.

Prerequisites

None.

Designed For

CPAs and tax professionals in Washington state.

Objectives

Identify the core features of Washington’s millionaire’s tax, including its rate, tax base, deductions, and credits.
Distinguish how the tax applies to residents and nonresidents, including key sourcing and residency concepts.
Analyze how the millionaire’s tax interacts with Washington’s capital gains tax.
Learn how the pass-through entity tax election works.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader Bios

George Koutelieris, Johnson & Shute PS

4.93 stars out of 5

“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.

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Gregory White, President, WGN PS

4.96 stars out of 5
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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