Pass-through Entity Tax Annual Filing Demonstration - YouTube

Welcome to the Online Services Pass-through Entity Tax annual return filing demonstration.

Begin by logging in to your New York State Online Services business account with your

username and password, and completing the security captcha to continue.

If you haven t created an Online Services business account, visit the Online Services

section of our Web site to learn how.

Select Services located in the upper left of your Account Summary page.

From the dropdown menu, S-corporation filers can select Corporation tax , then select PTET

web file . Partnership filers can select Partnership tax , then select PTET web file . This will

bring you to the Form Selection page.

In the section headed PTET Forms , you ll be able to select the form you wish to file

from the list of available PTET forms, including annual elections, estimated tax payments,

annual filing, filing extensions, and an option to view or cancel scheduled estimated tax

payments.

To begin your filing, select the form you wish to file by clicking its corresponding

Select button.

If you are filing an annual return and have any saved filings, you ll be brought to the

Saved Filings page.

Any saved filings will be displayed in the section headed Filings in progress . To continue

the filing, select the year in the Filing period column.

To delete a saved filing, click the delete icon beside it.

To begin a new filing, select Start New Return .

This will bring you to the Filing Information page.

To learn more about specific fields or questions, select the question mark icon beside it.

In the section headed Filing Information , select the filing period from the dropdown menu and

indicate if you have any PTE taxable income to report for the selected filing period.

Next, indicate whether the entity will be filing as a partnership or an s-corporation.

For this example, the entity is a partnership.

Then, let us know whether the partnership has more or less than 100 partners or members.

Finally, let us know whether you will be manually entering your partner information or providing

an upload file.

To start, we ll show you how to manually enter information, but partnerships with less than

100 partners or members and s-corporations can also choose to upload a file.

We ll cover this later in the demonstration.

Note that if you selected more than 100 partners or members, you ll be required to upload a

file.

When all information has been entered, select Continue . On the Pass-through Entity Tax

Calculation Summary page, provide us with the pass-through entity taxable income, then

select Calculate to compute your pass-through entity tax due.

When you re ready to proceed, select Continue . If you chose to manually enter your partner

information, you ll be brought to the Shareholder, Member, or Partner Details page.

You can stop and save your work at any time by selecting Save and Exit, located on the

top right of every page.

All data entered to that point will then be retained, allowing you to continue your filing

later.

In the section headed Shareholder, member, or partner details , provide the requested

information for each shareholder, member, or partner.

When finished, select Add Another to enter details for another shareholder, member, or

partner.

When all shareholders, members, and partners have been added, select Continue . This will

bring you to the Shareholder, Member, or Partner Summary page.

The section headed Shareholder, member, or partner summary will provide a summary of

all shareholders, members, and partners entered.

Review the information provided.

To add additional shareholders, members, or partners, select Add Taxpayer . If no changes

are needed, select Continue . A warning message will ask you to review the information provided

for each taxpayer and verify that the information is correct.

If no changes are needed, select Continue.

The Tax Due Details page will list your total tax due, and the total amount of payments

reported to the Tax Department for the selected filing period.

To view a list of all reported payments, select Payment History . If you made payments to

the department that are not shown here, tell us by answering Yes to the question Did you

make payments not shown above?

. When all information has been entered, select Calculate to compute your total amount due.

If an overpayment amount has been computed, it will be reviewed and processed by the Department.

When you re ready to proceed, select Continue . The Pay from Bank Account page will allow

you to make a direct debit payment from a checking or savings account.

To make a payment, enter your bank routing number.

The bank name should populate automatically.

Next, enter and confirm your bank account number.

Select the account type from the drop-down box and enter the name of the account holder.

If you d like us to save your bank account information for future filings, check the

box labeled Save bank account . If the return you re filing is not past due, you ll have

the option to schedule your payment for a future date.

You can t schedule a payment later than the return s due date.

If you ve partially paid or if we determine that you owe an additional amount, we ll bill

you for the remaining balance.

We won t debit your account for more than the amount authorized.

When you re ready to review your return, select Continue.

This will bring you to the Review and Verify page.

To make changes to your filing, select Edit . Once you select Submit, you cannot cancel

your payment.

If no changes are needed, review the eSignature section, and select Submit.

On the Transaction Confirmation page, you ll receive a confirmation number to show that

your return has been received.

You should print this confirmation page for your records by selecting Print.

To print or save a copy of your full return, select View/Print Forms.

To file another return or schedule a PTET estimated tax payment, select File Another

Form to return to the Form Selection page.

If you re finished filing, close the browser tab to return to your Account Summary.

If you re required or opt to upload a file, the process is slightly different.

In this case, on the filing information page, let us know you d like to upload a file with

the shareholder, member, or partner details.

Select this option from the dropdown menu, then select Continue . On the Pass-through

Entity Tax Calculation Summary page, provide us with the pass-through entity taxable income,

then select Calculate to compute your pass-through entity tax due.

When you are ready to proceed, select Continue . This will bring you to the File Upload page.

For more information on the file upload specifications, select the File upload link.

Select Browse to browse your computer for the appropriately formatted file, then select

Upload File . On the File Upload Summary page, you ll be

provided with a summary of the uploaded information When you re ready to proceed, select Continue.

A warning message will ask you to review your file upload summary and verify that the information

is correct.

If no changes are needed, select Continue.

This will bring you to the Tax Due Details page, where you ll be able to continue your

filing.

This completes our demonstration.

If you have questions, please visit our web site for further information.

Thank you for your interest in New York State Online Services.