S Corp Pass-through Entity Elective Tax.

• Position: FTB news

S corps and LLCs classified as S corps whose total tax liability, including any pass-through entity (PTE) elective tax, exceeds $80,000 are required to make all future payments electronically [CA RTC Sec, 19011(a)(2)], The mandatory e-pay requirement also applies to any single estimated tax payment or extension payment of more than $20,000, The triggering payment does not need to be made electronically.

If an S corp had a mandatory e-pay requirement and received a penalty for paying their PTE elective tax by check, they may qualify for...