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Lynn EA - only for S-Corps and LLCs in Virginia that want to adopt PTET rules. Virginia has a new pass-through entity form 502PTET with the 502PTET K-1 that has the pass-through credit. In order to calculate and pay the VA PTET Tax and assign a pro-rata credit to a shareholder/member, both Virginia forms need to be filed electronically. So--to your question--to assign the credit to a shareholder/member, the entity needs to file electronically. If a shareholder/member GETS a 505PTET K-1 for Virginia, ATX supports that function on the 1040 series.

NY mandates you do it through there website. NO paper or efile allowed

Virginia mandates electronic filing by one of their approved Vendors. ATX is not one. www.tax.virginia.gov/tax-preparation-software-elective-pass-through-entity-tax Regretfully, Page 2 of the Virginia instructions "Form 502PTET and all associated schedules must be filed through the Federal/State eFile program. Paper submissions will not be accepted. Waivers of the electronic filing requirement will not be granted." www.tax.virginia.gov/sites/default/files/taxforms/corporation-and-pass-through-entity-tax/2022/502ptet-package-2022.pdf Unfortunately, Virginia does not have a fill in form available to the public.

It also looks like the payment had to be in by 4/15, so those S corps and partnerships now on extension would have had to pay this in order to claim it on the form in question.

In Oregon, online filing was required. I had to enter the information into the Oregon Department of Revenue website. The setup of the website was kinda confusing, fortunately the information required was limited.

When I was in college I worked for a CPA. The Audit report said what the client paid for it to say, the higher the fee, the more items were passed on. As a 3rd year accounting student I could see what was going on. That is when I found the EA designation and decided the CPA route was not for me. Old, Jaded & Cynical. Sounds like a 80s rock band on their 2023 world tour. Tom Longview, TX

Thank you. I finally got to someone in ATX sales and they are supposedly giving me a proposal to take me to a higher platform just so I can get my 10-15 Virginia S-Corps and LLCs done. One of their highter platforms would have a license fee plus a pay per return. I'd keep ATX but use the higher platform just for the PTET returns. Seems horrible to shake loyal ATX customers down.