This online presentation will provide an overview of Iowa's new elective Pass-Through Entity Tax that applies retroactively to tax years beginning on or after January 1, 2022.
Topics covered will include:
- Making an Iowa PTET election
- Tutorial of the new 2022 PTET form
(for submission on GovConnectIowa beginning October 1, 2023)
- Calculating and paying the Iowa PTET
- Calculating and claiming an owner's refundable PTET credit
The Department has partnered with the Center for Business Growth and Innovation at the University of Northern Iowa to provide free tax webinars on IASourceLink.