NY CT-6.1 2012 free printable template

CT-6.1 New York State Department of Taxation and Finance Termination of Election to be Treated As a New York S Corporation Employer identification number Legal name of corporation Mailing address

How to fill out NY CT-61

How to fill out NY CT-6.1

1. Obtain Form CT-6.1 from the New York State Department of Taxation and Finance website or local office.
2. Fill in the entity's name and address in the designated fields at the top of the form.
3. Provide the Employer Identification Number (EIN) or Social Security Number (SSN) as required.
4. In Section A, select the type of entity filing the form (e.g., corporation, partnership).
5. Complete Section B by detailing the tax year for which the form is being filed.
6. Move to Section C where you must enter the amount of New York City unincorporated business tax to be claimed as a credit.
7. Fill out Section D which requires information about other tax credits if applicable.
8. Review the completed form for accuracy.
9. Sign and date the form at the bottom.
10. Submit the form to the appropriate tax authority by mail or online if applicable.

Who needs NY CT-6.1?

1. Businesses and entities that operate in New York City and are subject to the unincorporated business tax must file NY CT-6.1 to claim credits against their tax liability.
2. This includes partnerships, sole proprietorships, and limited liability companies (LLCs) that meet the criteria.

People Also Ask about

What are the consequences of revoking an S Corp election?

When your S corporation election is revoked, either intentionally or not, your business will more than likely revert to a C Corp for taxation. We can then file a Form 8832 which will reclassify your business back to an LLC or partnership, again for taxation.

How do I go back from S Corp to LLC?

Steps for Converting an S Corp to an LLC Start the Conversation. Create a Plan of Conversion. Gain the Appropriate Approval. Prepare and File the Required Documents. Take It to a Vote. Pause Business Operations. Notify Your Creditors. Liquidate All Your Assets.

Where do I send my CT-6 form?

If you do not receive confirmation of your election before your return is due, you should write to: NYS Tax Department, Corporation Tax Account Resolution Unit, W A Harriman Campus, Albany NY 12227‑0852.

How do I revoke an S Corp election in New York?

Note: In order for the revocation to be valid, the shareholders revoking the New York S election must own more than 50% of the shares of stock in the S corporation on the day the revocation is made. Enter the legal name of the corporation exactly as it appears in the records of the New York State Department of State.

What is the form for S Corp?

In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553PDF for all required information and to determine where to file the form.

How do I revoke an S corp election in New York?

Note: In order for the revocation to be valid, the shareholders revoking the New York S election must own more than 50% of the shares of stock in the S corporation on the day the revocation is made. Enter the legal name of the corporation exactly as it appears in the records of the New York State Department of State.

What is a CT-6 form?

To officially be designated as an S corporation in New York, your business will be required to file a Form CT-6, which is the Election by a Federal S Corporation to be Treated as a New York S Corporation.

Where do I file CT-6?

Approval of election If you do not receive confirmation of your election before your return is due, you should write to: NYS Tax Department, Corporation Tax Account Resolution Unit, W A Harriman Campus, Albany NY 12227‑0852.

For pdfFiller’s FAQs

How can I modify NY CT-61 without leaving Google Drive?

Using pdfFiller with Google Docs allows you to create, amend, and sign documents straight from your Google Drive. The add-on turns your NY CT-61 into a dynamic fillable form that you can manage and eSign from anywhere.

Can I create an electronic signature for signing my NY CT-61 in Gmail?

You may quickly make your eSignature using pdfFiller and then eSign your NY CT-61 right from your mailbox using pdfFiller's Gmail add-on. Please keep in mind that in order to preserve your signatures and signed papers, you must first create an account.

How can I edit NY CT-61 on a smartphone?

The easiest way to edit documents on a mobile device is using pdfFiller’s mobile-native apps for iOS and Android. You can download those from the Apple Store and Google Play, respectively. You can learn more about the apps here. Install and log in to the application to start editing NY CT-61.

What is NY CT-6.1?

NY CT-6.1 is a form used by corporations in New York to report their annual tax information and certain financial details to the state.

Who is required to file NY CT-6.1?

Corporations that are doing business in New York State, including those organized under New York laws or foreign corporations authorized to do business in New York, are generally required to file NY CT-6.1.

How to fill out NY CT-6.1?

To fill out NY CT-6.1, corporations need to provide their identification information, financial data, and any other required information specified in the form. Instructions provided with the form should be followed carefully.

What is the purpose of NY CT-6.1?

The purpose of NY CT-6.1 is to ensure proper reporting of corporate taxes and to provide the New York State Department of Taxation and Finance with necessary financial information from corporations operating within the state.

What information must be reported on NY CT-6.1?

On NY CT-6.1, corporations must report their entity information, financial statements, income, and any other details required by the New York State tax laws and regulations.