The entity would also be subject to a penalty of 5% of the PTE tax plus interest, which must be paid by the original due date of the taxpayer’s return. Please see a copy of the bill here for additional details. If you have questions about making a Pass-Through Entity Tax election, ...
This extension applies to various tax obligations, including individual tax returns due on April 15, 2024, quarterly estimated tax payments, business entity returns usually due in March and April 2024, pass-through entity (PTE) elective tax payments, and tax-exempt organization returns normally due...
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