
NYS Pass-Through Entity (PTE) Tax Considerations
By Alan R. Sasserath, CPA, MS and George Batas, CPA On April 19, 2021, New York Governor Andrew Cuomo signed into law the FY 2022 budget which denotes changes to the state’s corporate and personal income tax provisions. One of the changes includes the highly anticipated Pass-Through Entity (PTE) Tax election, which will allow partnerships […]