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DrTaxGuy
PASS THROUGH ENTITY TAX (PTET)
PTET is an optional (pass-through or flow-through) tax that entities such as Partnerships or S-Corps may annually elect to pay on certain income for tax years beginning on or after 01/2021. One of the main benefits is to avoid double taxation; Business earnings are only taxed once, on the owner or shareholder's personal tax return.
In The Know...
Here, you will find some useful information regarding your taxes. Researchers work year-round to monitor industry-related news that can be useful to your particular tax situation. Where there is new legislation that affect tax laws, experts diligently communicate these changes and explain how tax regulations affect you.
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