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New York State Department of Taxation and Finance Instructions for Form IT-248 IT-248-I Claim for Empire State Film Production Credit Temporary deferral of certain tax credits For tax years beginning

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What is nys it 248 for?

NYS IT-248 is a form used by businesses in New York State to report and pay their annual franchise tax on banking corporations.

Who is required to file nys it 248 for?

Banking corporations in New York State are required to file NYS IT-248.

How to fill out nys it 248 for?

To fill out NYS IT-248, you need to provide information about your banking corporation, such as its name, address, and federal employer identification number. You also need to report your net income, total assets, and other relevant financial information.

What is the purpose of nys it 248 for?

The purpose of NYS IT-248 is to calculate and pay the annual franchise tax owed by banking corporations in New York State.

What information must be reported on nys it 248 for?

On NYS IT-248, you must report your banking corporation's net income, total assets, allocated capital, minimum taxable assets, and other financial information required by the tax authorities.

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