More Time for NY PTET Election
A newly-enacted law in New York State extends the time for entities that wish to elect to be subject to the New York pass-through entity tax (PTET) for the 2022 tax year. (See New York State Senate Bill 8948, enacted on May 6, 2022.) The normal due date for the 2022 election was March 15, 2022. Entities that missed that due date will be permitted to make the election on or before September...