Estimated Tax For Corporations

Illinois proposes new pass-through entity tax election

An electing partnership or S corporation must make estimated tax payments if the PTE tax amount payable as estimated tax can reasonably be expected to exceed $500. For a calendar year partnership, e stimated tax payments are generally due on April 15, June 15, September 15 and January 15 of the following taxable year.

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The Nuts and Bolts of New York’s New Passthrough Entity Tax

passthrough entity tax. 1 IRS Notice 2020-75, 2020-49 IRB 1453. 2 Timothy P. Noonan and Elizabeth Pascal, “The Nuts and Bolts of Connecticut’s New Passthrough Entity Tax,” State Tax Notes, Nov. 12, 2018, p. 601.)RUPRUHTax Notes® State FRQWHQW SOHDVHYLVLWZZZ WD[QRWHV FRP or third party content.