Boyer 2 Accountants Inc. Blog

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What is a Pass-Through Entity Tax?

New York State’s Pass-Through Entity Tax

September 17, 2021 What is a Pass-through Entity Tax? A pass-through entity tax (PTET) enables the members of the eligible partnership or S corporation to make estimated tax payments to lower the federal taxable income that flows through the entity onto the individuals tax returns. Who is eligible? Public partnerships other than publicly traded partnerships,

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Working Remotely Tax Implications

Did You Work Remotely in 2020?

Did you work remotely in 2020? Have you received a notice asking to verify your residency status & personal income allocation from the NY Tax & Finance Department?

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The Latest on The Unemployment Tax Credit

By now, you’ve heard about the tax break on unemployment compensation that was apart of President Biden’s $1.9 trillion American Rescue Plan (ARP). With the 1st $10,200 of unemployment benefits becoming tax free for some filers under the ARP many were left wondering if they would have to file an amended return if they already

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Text reads "$1,400 stimulus check eligibility"
Corporate Tax

What You Need to Know About The Latest Stimulus Check

The headliner of the ARP is the 3rd round of stimulus checks. The IRS uses your most recent tax return to determine your eligibility. So, depending on when you most recently filed your taxes, the IRS will most likely be using 2019 or 2020. You will receive the full $1,400 stimulus check if you meet the following conditions:

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