Dear Clients, Business Associates and Friends,
Last week we sent out an announcement related to the new PTET election from NYS that we believe will help any clients with a passthrough S Corporation or Partnership. This election helps taxpayers take State and Local tax deduction in excess of $10,000 (The SALT Limit).
To make the election the Taxpayer will need to set up a NYS Business Online Service account if you don't already have one. Once the account is established, please provide us with the log in information and we will make the election on your behalf. Click on the following link for instructions to set up a NYS Online Business Account:
If you are interested in taking advantage of this election, please click and fill out information in the following link:
You may also contact Lisa Treglia in our office at Lisa@TbrownCPA.com with any questions by October 1, 2021 so that we can make the election on your behalf.
