NY DTF CT-3-M (formerly CT-3M/4M) 2019 free printable template

CT3MDepartment of Taxation and FinanceGeneral Business Corporation MTA Surcharge Return Tax Law Article 9A, Section 209BCaution: This form must be used only for tax periods beginning on or after January

How to fill out NY DTF CT-3-M formerly CT-3M4M

How to fill out NY DTF CT-3-M (formerly CT-3M/4M)

1. Obtain the NY DTF CT-3-M form from the New York State Department of Taxation and Finance website or your local tax office.
2. Fill in the entity's name and address in the designated fields at the top of the form.
3. Provide the federal employer identification number (EIN) or social security number (SSN) as required.
4. Indicate the tax year for which you are filing the return.
5. Complete the necessary income sections, including gross receipts or sales, and any deductions or adjustments.
6. Add up the total amounts and ensure that all calculations are accurate.
7. Review the form for any missing information and correct any errors.
8. Sign and date the form in the appropriate sections.
9. Submit the completed form to the NY Department of Taxation and Finance either electronically or via mail before the deadline.

Who needs NY DTF CT-3-M (formerly CT-3M/4M)?

1. Business entities operating in New York that are subject to the corporation franchise tax.
2. Corporations that have a gross income of $1 million or more during the tax year.
3. Partnerships, limited liability companies, or other entities that file as corporations for tax purposes.
4. Any entity that needs to report income on a combined basis according to New York tax regulations.

People Also Ask about

What is form CT 2?

Use this form to report railroad retirement taxes imposed on compensation received by employee representatives.

What is Form CT-3 New York?

New York's corporate franchise tax applies to both C and S corporations. To calculate and pay it, you must fill out and file Form CT-3, your New York corporate tax return. For many businesses, this tax ends up being somewhere around 6.5% of their business income earned in New York.

What is fixed dollar minimum tax?

The fixed dollar minimum tax is imposed at a flat rate if it will result in a higher payment than a tax based on business income or business capital. ( Sec. 11-654, N.Y.C.

What is CT 3s?

Once a corporation has approval from the New York State Tax Department to be treated as a New York S corporation, it is required to file Form CT-3-S instead of Form CT-3, General Business Corporation Franchise Tax Return. Form CT-3-S is used to pay the entity level franchise tax under Article 9-A.

What is form CT-3 New York?

New York's corporate franchise tax applies to both C and S corporations. To calculate and pay it, you must fill out and file Form CT-3, your New York corporate tax return. For many businesses, this tax ends up being somewhere around 6.5% of their business income earned in New York.

Who needs to file CT 3M?

A taxpayer filing Form CT-3, CT-3-A, or CT-4 under Article 9-A, that does business, employs capital, owns or leases property, or maintains an office in the Metropolitan Commuter Transportation District (MCTD), must also file Form CT-3M/4M and pay a metropolitan transportation business tax surcharge on business done in

What is a form CT-3?

Form CT-3-A/BC provides individual group member detail concerning each member's: general information, fixed dollar minimum tax, prepayments, capital base, investment capital, and apportionment.

Who is subject to New York MTA surcharge?

MTA Surcharge Filing If a taxpayer has $1 million or more of MTA receipts, it is subject to the MTA surcharge. … The computation of the MTA Surcharge increases to 25.6% of New York tax from 17%, and is now computed before credits; however, it now uses the actual tax rather than a recomputed New York tax. …

Who must file CT-3 m?

Most corporations are required to electronically file this form either using tax software or online, after setting up an online services account, through the department's website. For more information, see Form CT-400-I, Instructions for Form CT-400.

What does a negative amount on tax return mean?

A positive number means you still owe income taxes. A negative number means a refund. If the IRS owes you a refund, it can mail you a check or direct deposit your money in up to three different accounts.

Who is subject to MTA surcharge tax?

MTA Surcharge Filing If a taxpayer has $1 million or more of MTA receipts, it is subject to the MTA surcharge. …

What is form CT 3M?

A taxpayer filing Form CT-3, General Business Corporation Franchise Tax Return, or Form CT-3-A, General Business Corporation Combined Franchise Tax Return, under Article 9-A that does business, employs capital, owns or leases property, maintains an office, or derives receipts from activity, in the Metropolitan Commuter

Who must file NY CT-3?

Taxable DISCs must file Form CT-3 on or before the 15th day of the ninth month after the end of the tax year. Such a DISC is subject to the tax on apportioned capital or the fixed dollar minimum, whichever is larger. Write DISC after the legal name of the corporation in the address section of the return.

What is a CT-3?

Department of Taxation and Finance. General Business Corporation. Franchise Tax Return.

Who must file CT-3?

Taxable DISCs must file Form CT-3 on or before the 15th day of the ninth month after the end of the tax year. Such a DISC is subject to the tax on apportioned capital or the fixed dollar minimum, whichever is larger.

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What is NY DTF CT-3-M (formerly CT-3M/4M)?

NY DTF CT-3-M is a tax form used by New York corporations to report their franchise tax liability and calculate their New York State taxable income.

Who is required to file NY DTF CT-3-M (formerly CT-3M/4M)?

Corporations doing business in New York State that meet certain income thresholds are required to file the NY DTF CT-3-M form.

How to fill out NY DTF CT-3-M (formerly CT-3M/4M)?

To fill out the NY DTF CT-3-M, gather the necessary financial information, complete the form sections covering taxable income, tax credits, and any deductions, and ensure that all required signatures are provided before submission.

What is the purpose of NY DTF CT-3-M (formerly CT-3M/4M)?

The purpose of the NY DTF CT-3-M is to calculate the franchise tax due and provide an overview of a corporation's financial activity within New York State.

What information must be reported on NY DTF CT-3-M (formerly CT-3M/4M)?

The form requires reporting of total income, expenses, deductions, tax credits, and any relevant financial data that helps determine the corporation's taxable income.