PTET Election for 2022

Entities that wish to elect to be subject to the New York pass-through entity tax (PTET) for the 2022 tax year must do so on or before March 15, 2022.  To make the election, an entity must use its Business Online Services account, available at: https://www.tax.ny.gov/. 

In addition, any entity that makes the election must also schedule the first quarter estimated tax payment on or before March 15, 2022.

Our earlier posts that discuss the passthrough-entity tax are: March 1, 2022, February 15, 2022, February 10, 2022, January 27, 2022, January 25, 2022,  January 18, 2022,  December 16, 2021, December 14, 2021, December 6, 2021, November 11, 2021, September 30, 2021, September 9, 2021, August 26, 2021 and June 3, 2021.

As discussed in our post on May 24, 2022, New York provided a special provision allowing later elections for the 2022 tax year.