New North Carolina Pass-Through Entity Tax Payments

North Carolina now allows eligible partnerships and S Corporations to elect to be taxed at the business entity level rather than requiring income to be passed through and taxed on the owners’ individual tax returns. This Pass-Through Entity Tax (PTET) is required to be made through estimated tax payments if North Carolina income tax liability will be at least five hundred dollars ($500).

We wanted to remind you that if you are required to make the PTET quarterly estimated tax payments the deadline for the 2nd quarter 2023 PTET estimated tax payment is Thursday 6/15/23. If you are going to make the state payment, please make them on time to avoid any penalties or interest. If you are not required to make a quarterly estimated payments, please disregard.

Payment needs to be made by check along with a voucher. Vouchers are located in your ShareFile if we have already filed your 2022 business returns. If your returns have not been completed we can get you a voucher to mail in with a check. The NCDOR does not have an electronic payment method for PTET yet.

Please disregard if this is not applicable to you.

If you have any questions about making your payments, please contact one of our staff. If you want to change your payment due to changes in your income or due to not making the first quarter PTET estimated payment, please feel free to contact us.