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.

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