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June 17 Deadline for CA Pass-Through Entity Elective Tax


Pass-Through Entity Elective Tax


As a reminder, there are two payment due dates for the PTE elective tax.


The first payment is due on or before June 17, during the taxable year of the election. The amount due is $1,000 or 50% of the elective tax paid for the prior taxable year, whichever is greater. The remaining amount is due on or before the due date of the original return without regard to extensions.


First payments that are untimely or underpaid will result in an inability to make the PTE election.


Payments


You can make PTE elective tax payments using Web Pay. However, if you are unable to make electronic payments through Web Pay, you can mail your payment.


Please include a payment voucher, FTB 3893; make the check payable to Franchise Tax Board; and write the business name, tax year, and Entity ID on your payment.


Mail to:


Franchise Tax Board

PO Box 942857

Sacramento CA 94257-0531


Visit the State of California Franchise Tax Board for further information.


 

Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.

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