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  • 1.  PTET Estimated Tax Payment

    Posted 12-10-2021 09:15 AM
    Has anyone run into a problem with clients or firms on behalf of clients making the PTET estimated tax payment for a scheduled date after 12/15? NYS states on their website that businesses can voluntarily make an estimated tax payment before 12/31/21 (mainly cash-basis taxpayers) so they can receive the federal deduction for 2021. However, when entering a date for the payment, anything after 12/15 is invalid and not allowed. It seems that the Online Portal is defaulting to the standard 12/15 estimated tax payment date that'll be used going forward instead of 12/31 for 2021 only.

    Any thoughts?

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    Ryan Rao CPA
    FULLER LOWENBERG & CO., CPAs
    Hauppauge NY
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  • 2.  RE: PTET Estimated Tax Payment

    Posted 12-10-2021 10:12 AM
    I actually was able to receive an answer from NYS.

    When making a Estimated Pass Through Entity Tax Payment on www.tax.ny.gov , taxpayers would have the option to schedule the Estimated Payment up until 12/15/2021. The website unfortunately does not allow the Estimated Payments to be scheduled for payments past 12/15/2021, but taxpayers would still have the option to make the payment the same day on our website up until 12/31/2021.

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    Ryan Rao CPA
    FULLER LOWENBERG & CO., CPAs
    Hauppauge NY
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