Instructions: Pass-Through Entity Tax (PTET) Web File applications
Date | Filing |
---|---|
January 2024 | |
1st | 2024 annual election web application is available |
March 2024 | |
15th | 2023 annual return or extension request |
15th | 2024 annual election |
15th | 2024 first-quarter estimated payment |
June 2024 | |
17th | 2024 second-quarter estimated payment |
September 2024 | |
16th | 2023 annual return for those who requested extensions |
16th |
Last day to make 2023 additional payments for those who requested extensions. The electing entity must pay all the PTET by the original due date of the return. The penalties for failure to pay taxes due apply and the entity must calculate and include penalties in any late payments. |
16th | 2024 third-quarter estimated payment |
December 2024 | |
16th | 2024 fourth-quarter estimated payment |
Estimated Payments
PTET estimated payments are due by March 15, June 15, September 15, and December 15 in the calendar year prior to the year in which the due date of the return falls. If the due date of the estimated payment falls on a Saturday, Sunday, or legal holiday, the payment is due on the next business day. Entities must use our online Web File application and pay by ACH debit when making PTET payments. They cannot pay by check or other methods.
Extension
The PTET annual return is generally due March 15 after the close of the PTET taxable year. However, the electing entity can request a six-month extension of time to file through its Business Online Services account. The extension must be requested by March 15.
The extension is an extension of time to file the annual return and allows the entity to make additional payments through September 16. The extension is not an extension of time to pay any tax due. The electing entity must pay all the PTET by the original due date of the return, or penalties for failure to pay taxes due are applicable. Penalties are calculated daily, and the later the payment is made, the more penalties that will be due.
Important: If submitting the extension request with a payment, carefully review the entity's banking and payment information. You cannot cancel the payment once the request has been submitted.
Annual Return
An electing entity must file an annual PTET return or six-month extension through its Business Online Services account by March 15 after the close of the PTET taxable year. If the entity requested an extension, the return is due September 15.
Important: If submitting a payment with the return, carefully review the entity's banking and payment information. You cannot cancel or replace the payment once the return has been submitted.
Resources
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