| BAIT, Pass-Through Entity Tax, PTET, tax minimization, tax planning, tax savings, Timely Elections, Timely Estimates
Passthrough Entity Tax Payments (PTE) a Great Deal👍🏻👍🏻: Let’s Make Sure You Make a Timely⏰Election!
Weekly Take Away: Try to be proactive, prepare for contingencies and work with a knowledgeable tax professional🦉 to take advantage of tax saving benefits💵💲… Pass through entities and the tax advantages most states provide, encourage businesses to pay the personal taxes for their owners as a federal business expense and then show those payments as a credit on their personal state tax returns. I write about this every year as… Read more