Terms of Use, No Tax or Legal Advice Disclaimer & Limitation of Liability
1. Automated Calculation Utility & Scrivener Status (No CPA or Legal Relationship)
PTETaxDesk ("the Service") provides browser-based mathematical calculators and self-prepared draft Pass-Through Entity Tax (PTET) election consent resolutions and estimated payment schedules for educational and informational purposes. PTETaxDesk is not a certified public accounting (CPA) firm, law firm, enrolled agent practice, or tax return preparer under IRC § 7701(a)(36). Use of this website or downloading any PDF template does not create an accountant-client, attorney-client, or fiduciary relationship.
2. Verification of State PTET Elections, Deadlines & Public Law 119-21 ($40,000 SALT Cap) Rules
State Pass-Through Entity Tax (PTET) elections under IRS Notice 2020-75 and state statutes involve strict, often irrevocable statutory deadlines (such as California's June 15 prepayment requirement or New York's March 15 election deadline), varying credit percentages, and cash-vs-accrual accounting rules regarding the timing of federal tax deductions. Users must verify all PTET elections, estimated tax vouchers, and $40,000 SALT cap phase-out calculations with a licensed CPA prior to making any election or payment.
3. "AS-IS" Warranty Disclaimer & Limitation of Liability
THE SERVICE AND ALL GENERATED TEMPLATES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, PTETAXDESK AND ITS OPERATORS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, INCLUDING MISSED STATE PTET ELECTION DEADLINES, UNDERPAYMENT PENALTIES, DISALLOWED DEDUCTIONS, OR STATE TAX CREDIT LIMITATIONS. IN ALL EVENTS, TOTAL CUMULATIVE LIABILITY SHALL NOT EXCEED THE GREATER OF $0.00 (FOR FREE USERS) OR THE SUBSCRIPTION FEES ACTUALLY PAID BY THE USER DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM.