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Reminder: For 2022, eligible entities may opt in to the New York State PTET through September 15, 2022.
If you're an authorized person whose entity wants to but has not yet made the election, you may opt in on its behalf using the online Pass-Through Entity Tax Annual Election application. The entity must make an estimated payment when it opts in.
Do not wait until the deadline to opt in. Some entities may need assistance from our representatives to update their accounts before they can opt in. Making the election early ensures there is enough time to complete the process before the deadline.
New York City pass-through entity tax (NYC PTET)
Important: The governor has signed legislation allowing eligible entities to opt in to the NYC PTET for 2022.
If your entity wants to opt in, it must first opt in to the New York State PTET by September 15, 2022.
We'll let entities who have opted in to the New York State PTET know when the online application to opt in to the 2022 NYC PTET is available. Our website will have guidance about the NYC PTET soon.
How to learn more
Visit Pass-through entity tax (PTET) periodically. If you haven't already, subscribe to Pass-through entity tax (PTET) to receive emails when we update this page and for announcements about PTET.
Reminders
The New York State PTET and NYC PTET are optional taxes.
If you opt in to the New York State PTET, your election is irrevocable and will remain in effect for the entire year.
Only an authorized person can make the election on behalf of an eligible entity. Tax professionals cannot make the election on behalf of their clients.
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