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NYS business owners beware: Deadline approaching to opt in to pass-through entity tax (PTET)

Reminder: If you wish to participate in the optional PTET for 2021, the deadline to opt in is October 15, 2021. PTET is a beneficial tax election without much negative effect. Basically its an official double dipping benefit for owners of pass through entities subject to tax in NYS. PTET shifts personal NYS tax from […]

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