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Home / Columns and Features / Should you elect or pass on the pass-through entity tax? (access required)

Should you elect or pass on the pass-through entity tax? (access required)

Here’s a reason to be cheerful: If your business is a partnership or S corporation in New York, a new tax law allows the business to give its partners, members or shareholders a break on their state income tax — and none too soon with the newly enacted higher income tax rates.  You may have heard the buzz and watched, perhaps enviously, as peers in other states benefitted from a long-awaited pass-through entity tax (PTET). Now, finally, it’s our turn: The New ...
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Excellence in Construction & Real Estate 2021 (access required)

Here’s a reason to be cheerful: If your business is a partnership or S corporation in New York, a new tax law allows the business to give its partners, ...