Washington Capital Gains Tax WEBCAST
Overview
Upheld by the courts and affirmed by voters, Washington’s Capital Gains Excise Tax is firmly in place and continuing to evolve. This session provides a practical overview of when the tax applies and when it does not, along with key federal connections, exemptions, deductions, credits, filing requirements, and potential penalties. Drawing on real-world insights, the course helps participants navigate this relatively new and still-developing area of Washington tax law with greater confidence.
Highlights
We will explore the Washington taxable capital gains differ from federally reported capital gains, along with the unique treatment of pass-through entities under the tax. The session will cover available deductions and credits, as well as the practical aspects of compliance, including filing requirements and common areas of confusion. We will also examine penalties and penalty abatement, and discuss how this tax continues to develop, including anticipated changes at the state and potential local level.
Prerequisites
None.
Designed For
CPAs and professional staff seeking introductory knowledge about Washington’s Capital Gains Excise Tax.
Objectives
Understand the structure and application of Washington’s Capital Gains Excise Tax. Navigate compliance requirements, including filing and reporting. Recognize common pitfalls and strategies to avoid them.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Sonjia Barker, Shareholder, State and Local Tax, Perkins & Co PC
Adept at simplifying daunting tax situations, Sonjia draws on her Big 4 accounting firm and Washington Department of Revenue experiences to deliver actionable solutions to clients. With her impressive dossier and huge heart for helping others, she’s a powerhouse on any tax team and the leader of our SALT practice.
A military kid, Sonjia grew up in Illinois and California but now calls the beautiful Kitsap Peninsula in Washington state her home. Poised between Seattle and the Olympic National Forest, the area is the perfect playground for Sonjia’s outdoorsy family. An avid camper, Sonjia is on a quest to visit all the country’s national parks, though none may top her favorite—the Badlands.
When she’s not sleeping under the stars, you might find Sonjia enjoying a metal concert with thousands of her best friends. She’s been a huge Metallica fan since she was 12 and is surprised as anybody that she hasn’t outgrown her punk rock phase.
Non-Member Price $120.00
Member Price $105.00