Quarterly Estimates Are Now Required for NYS Pass-Through Entity Tax Credit Filers
The first estimate for 2022 was due 3/15/22. However, many people filed it in conjunction with the income tax returns for their pass-through entities. The second quarter estimate is due 6/15/22. It falls on a date where many business owners are accustomed only to paying their personal tax estimates.
- 90% of the PTET shown on the return of the electing entity for the taxable year; or
- 100% of the PTET shown on the return of the electing entity for the preceding taxable year.
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