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PTE Tax

New York State Introduces Elective Pass-Through Entity Tax

May 14, 2021 by Patrick Quinn

The Bottom Line S corporations and partnerships should be aware of a new election that may allow them to reduce the federal income tax of their New York individual owners. New York State’s budget for the fiscal year 2022, which was signed into law on April 19, 2021, includes an elective Continue Reading

Alert - May 14, 2021

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