![]() Note: An electing entity cannot make estimated tax payments after filing a return. If the entity did not opt in to the PTET for the preceding year, the required annual payment is 90% of the tax reported on the PTET return for the taxable year. 100% of the PTET shown on the return of the electing entity for the preceding taxable year.90% of the PTET shown on the return of the electing entity for the taxable year or.The required annual payment is the lesser of: If the due date of the estimated payment falls on a Saturday, Sunday, or legal holiday, the payment is due on the next business day.Įach quarterly payment should be an amount equal to at least 25% of the required annual payment for the taxable year. Estimated payments are due on or before March 15, June 15, September 15, and December 15 in the calendar year prior to the year in which the due date of the return falls. To ensure ACH debit payments are successful, see ACH debit block information.Īn electing entity must use the online application to pay estimated tax on the amount of the PTET calculated for the current taxable year. They cannot pay by check or other methods. Choose PTET web file from the Corporation tax or Partnership tax expanded menu, then select Pass-through entity tax (PTET) estimated payment.Įntities must use our online Web File application and pay by ACH debit when making PTET payments.Select the ≡ Services menu in the upper-left corner of the business’ Account Summary homepage.Log in to the entity’s Business Online Services account.Important: The authorized person must electronically sign and attest to having the electing entity's authorization.īoth authorized persons and tax professionals may make estimated PTET payments on behalf of the entity. On the Form Selection page, choose Pass-through entity tax (PTET) annual election.Select Corporation tax or Partnership tax, then choose PTET web file from the expanded menu. ![]()
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