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Reporting for the New York Pass-Through Entity Tax Election

Trustpilot
$49.00 On Demand | 2.5 credits
This course will be an overview of:

This course will provide an overview of:PTET value post-OBBBA and IRS Notice 2020-75 treatmentEligibility requirements, prohibited entities, and March 15 deadlinePTET calculation for partnerships and S corporationsOwner credits (IT-653), refundability, and IT-225 addbackPartnership vs. S corporation sourcing and one-tier limitationsLLC classification, tiered structures, and special situationsCompliance: deadlines, extensions, recordkeeping, common errors

This course will be an overview of:

This course will provide an overview of:PTET value post-OBBBA and IRS Notice 2020-75 treatmentEligibility requirements, prohibited entities, and March 15 deadlinePTET calculation for partnerships and S corporationsOwner credits (IT-653), refundability, and IT-225 addbackPartnership vs. S corporation sourcing and one-tier limitationsLLC classification, tiered structures, and special situationsCompliance: deadlines, extensions, recordkeeping, common errors

Field of study:

Taxes

Instructor(s):

Heather Luttrell
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