The Indiana Pass Through Entity Tax (PTET), which was signed into law retroactively by Governor Holcomb on February 22, 2023, is a way for S Corporations and Partnerships to be able to pay the Indiana state tax (not county) owed on the business's income on behalf of the shareholders/partners rather than you, the shareholder/partner, paying the amount personally and reimbursing yourself with a distribution. This payment also counts as a deduction on the Federal business return lowering the tax owed there as well. 2022 was the first tax year eligible to make this election. If we prepared your business return and you were eligible, we calculated this for you.

Starting with tax year 2023, PTET estimates are required for businesses electing to pay the tax on behalf of its owners to avoid an underpayment penalty on the return. If we prepared your 2023 business return and you made this election, we included either estimate vouchers or an additional worksheet showing the amounts due and their due dates for your 2024 estimates.

Also, by your business paying this tax, it lowers the amount of taxes you need to pay for your personal Indiana estimates (Form IT-40ES). Any Indiana estimates we calculate for your personal return are already reduced by the amount the business will pay.

We will no longer be sending out reminders that you have a quarterly payment due. Below are the standard due dates for Indiana PTET estimates. Add them to your calendar and reference your tax return or PTET Estimates Worksheet in your portal for your payment amounts. Please note: If a date falls on a weekend or holiday, the due date is the next business day.

• 1st Quarter Estimate - Due April 20th
• 2nd Quarter Estimate - Due June 20th
• 3rd Quarter Estimate - Due September 20th
• 4th Quarter Estimate - Due December 20th

These payments can be made either through INTIME (see below) or by mailing a check with a paper voucher.

While paying by check is allowed, we recommend using INTIME to make a secure payment. You can either create an account (which we recommend) or pay without setting up an account. If you already have an account for payroll or sales tax payments, you will use the same login.

• To create an account, click "Sign Up" at the bottom of the login box and follow the prompts. You can use a variety of options to verify your identity or you can request a welcome letter. It may take up to 7 business days for the welcome letter to arrive.
  
• To pay without an account:
  
  • Choose "Make a payment" in the Payments section below the login option.
    
  • Select your preferred method of payment in the "Non-bill payments" section.
    
  • Choose "Business" for the customer type.
    
  • Enter your business's information choosing S Corporation or Partnership for the Account Type and "Withholding (IT-6WTH)" for the Payment Type.
    
  • Fill in your payment information and choose the date of payment. Make sure to choose the correct period. Example: 2026 estimates would use "31-Dec-2026" as the Period.
    
  • Confirm all of the information and save your submission confirmation for your records. We will need this information to prepare your return.