Explain the issue and the impact it has for pass-thru companies. While we are not studying state taxes in this course, this case shows how differences in federal and state tax laws impact companies and must be considered by tax professionals. Attach your Word document here. Use APA format, double-space, 12-point font, no more than five pages, and cite sources for the information document. You will submit using Turnitin and >9% is unacceptable.