WebSep 6, 2024 · RJI CPAs has recently learned that due to errors with the Franchise Tax Board (FTB) processing of passthrough entity tax payment vouchers, the FTB is erroneously issuing refunds of the 2024 prepayments of the passthrough entity elective tax that were paid with the FTB Form 3893 (PTE) vouchers. WebJul 28, 2024 · This is only an issue for payments made with Form 3893 (PTE), Pass-Through Entity Elective Tax Payment Vouchers, that were generated through tax software programs. Payments made using WebPay or with manually prepared vouchers have been properly applied. The FTB has confirmed that the incorrect application of these …
California State Tax Updates - Withum
WebAug 9, 2024 · If you have already cashed the check or if the check has been electronically deposited, you will need to resubmit the 2024 PTE Elective Tax prepayment by sending the payment on Web Pay or mailing the FTB another check with a Form FTB 3893 Voucher and include the same explanation of “PTE Elective Tax Erroneous Refund.” Remember … WebNov 17, 2024 · To make a payment of the CA PTET, the taxpayer must use the CA PTET payment voucher (Form FTB 3893). However, the instructions to For FTB 3893 indicate that the qualified entity can make a payment through Electronic Funds Withdrawal. If the qualified entity makes a payment through Electronic Funds Withdrawal, it will not file a … kingston ok tag office
Knowledge Base Solution - CCH
Webthe separate 3893 (PMT) voucher will report the amount of PTE tax due, and your client should mail both vouchers with payments by 3/15, or use WebPay. After you file an extension: Go to Screen 10, Estimates. Enter the Amount paidunder Paid with Extension, in the Statecolumn. Include any amount you want to flow to 100S, line 34 here. WebDec 26, 2024 · The California Franchise Tax Board Dec. 1 released 2024 Form FTB 3893, Pass-Through Entity (PTE) Elective Tax Payment Voucher, with instructions for individual income tax purposes. PTEs taxed as a partnership or an “S” corporation may elect to pay an annual elective tax at a rate of 9.3 percent based on their qualified net income. WebApr 10, 2024 · California form 592-q, payment voucher for pass-through entity withholding. Taxpayers should use Form 592-Q to remit pass-through entity quarterly withholding payments to the FTB where such payments will be reported to the FTB on Form 592-PTE. 5 Payments made using Form 592-Q are not reported on a by- payee basis (i.e., no … lydia cornell\u0027s sister kathryn korniloff