New York State Extends Pass-Through Entity Election Date

New York has extended the deadline for making the pass-through entity election from an initial deadline of March 15th to September 15 for the 2022 tax year. The law requires that electing partnerships or S corporations to make an estimated tax payment of 25% if they make an election between March 15 and June 15 or 50% if they make an election between June 15th and September 15th.

If you’re not yet familiar with the PTET, please click on the links below to articles that we have written on it:

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