![]() The quarterly payment requirement will begin in 2023. However, it may choose to make estimated tax payments for 2022 online prior to December 31, 2022, when the application is available on the New York State website. An electing entity is not required to make estimated tax payments for the 2022 NYC PTET. Important: Any entity that wants to opt in to the New York City pass-through entity tax for 2022 must have opted in to the New York State pass-through entity tax by September 15, 2022. ![]() ![]() This tax is administered by the New York State Department of Taxation and Finance. If an eligible entity elects to pay the NYC PTET, its partners, members or shareholders subject to tax under Article 30 may be eligible for a credit for PTET paid on their New York City personal income tax returns. The NYC PTET is an optional tax that city partnerships or city resident New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2022. New York City Pass-Through Entity Tax (NYC PTET) Please see Finance Memorandum 22-2 for more details, information and instructions. Taxpayers filing an original or amended return who are seeking this relief must enter special condition code “PT” in the special condition code box at the top of the return. Those GCT and Bank Tax taxpayers who have already filed a 2021 tax return must file an amended return showing the addback of the New York State PTET. Administration for Children’s Services (ACS) Alliance for Downtown New York. Write the ticket number, license plate number, and the state of the vehicle registration on the front of your payment. Browse data by the City office or agency that makes and maintains it. Payment of tax or estimated tax resulting from the addback and otherwise due on or before June 15th, 2022, must be made by all affected taxpayers by June 15th, 2022, in order to receive the relief from interest and penalties described above. To pay by mail, send a check/money order to NYC Department of Finance, Church Street Station, P.O. DOF will not apply any interest or impose penalties on additional tax for GCT and Bank Tax taxpayers as a result of these addback amounts if paid by June 15, 2022. Unincorporated Business Tax (“UBT”) taxpayers were previously required to add back New York State PTET deducted in 2021. ![]() New York State PTET Addback – Effective for 2021įor tax years beginning on or after January 1, 2021, General Corporation Tax (“GCT”) and Banking Corporation Tax (“Bank Tax”) taxpayers are now required to add back New York State Pass Through Entity Tax (“PTET”) deducted from Federal Taxable Income. ![]()
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