Reporting for the New York Pass-Through Entity Tax Election
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 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:
TaxesInstructor(s):
