NASSAUSUFFOLK

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  • 1.  PTET

    Bronze Most Valuable Member
    Posted 01-20-2022 02:42 PM
    I have been asking my software provider (Intuit PTO) where we need to enter that a partnership or S Corp has opted in for the PTET (NY & NJ in particular).  Their answer - "Currently, NY State is handling all the elections, filings and payments on their state portal.  No PTET forms or instructions have been released to software vendors for the S Corporations or Partnerships.  So as this time we do not have any plans to add any NYS PTET in TY21 PTO.  Except for the aforementioned credit on the taxpayer's individual return."
    Am I missing something?  How can the software not be calculating the amount of PTET and including it on the state returns (IT-204 and/or CT-3S)?  Has anybody run into this on other software?  How are other providers responding to this?

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    Jay P. Haberman, CPA
    36 Harriet Dr
    Syosset, NY 11791
    (516) 775-0175
    haberman@cpa.com
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  • 2.  RE: PTET

    Posted 01-21-2022 09:12 AM

    From what I understand the PTET filing will only be done thru the NY Online services portal, not thru tax software

     

    Peg McCoy, CPA

     

    Peggiann McCoy CPA, P.C.

    Phone: 631.981.6646

    Fax: 631.981.6647

    Email:  peg@631cpa.com

    4949 Express Dr North – Suite 205

    Ronkonkoma, NY  11779

     

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