NYC DoF NYC-245 2022 free printable template

All of the above information should be sent to NYC Department of Finance Exemption Processing Unit 59 Maiden Lane 20th Floor New York NY 10038 NYC-4S NYC-4S-EZ or NYC-3L GCT or Form NYC-2 or Form NYC-2S Business Corporation Tax. For taxable years beginning in 1996 and thereafter entities taxable as corporations for federal income tax purposes under IRC 7701 a 3 and 7704 are considered corporations for purposes of the Corporation Tax cannot use this form it must file a General Corporation Tax...

How to fill out NYC DoF NYC-245

How to fill out NYC DoF NYC-245

1. Obtain the NYC DoF NYC-245 form from the official NYC Department of Finance website or your local tax office.
2. Begin by entering your personal information at the top of the form, including your name, address, and taxpayer identification number.
3. Provide information about the property, including the property address and tax block/lot number.
4. Fill out the relevant sections regarding the purpose of the application, ensuring to specify the type of tax benefit or exemption you are applying for.
5. Review the specific eligibility requirements for the exemption and include any additional documentation that may be required.
6. Sign and date the form at the designated section, certifying that the information you provided is true and correct.
7. Submit the completed form to the NYC Department of Finance either by mail or online, according to the submission guidelines.

Who needs NYC DoF NYC-245?

1. The NYC DoF NYC-245 form is needed by property owners in New York City who are applying for certain tax exemptions or benefits related to their property.

Instructions and Help about NYC DoF NYC-245

Music I really wasn't planning on making pizza I really didn't know what I wanted to do I was in the construction business I used to do marble and granite fabrication didn't do a lot of cooking you know I let my grandmother do all the cooking she was amazing at it did a lot of eating not a lot of cooking still to this day when I see the crowd building up outside I can't believe it its still surreal these people are lining up to eat my pizza how did this happen and then the anxiety kicks it, and I'm waiting for the orders like you know it's the quiet before the storm, and then I just suck it and hit with the takeout orders and then the know the place fills up with 30 people at once and the orders stopped coming and then the chaos starts excuse me my meatballs I was like what's that noise Music my name is Marc Icon and this is my pizzeria Luke alleys and Carroll Gardens Brooklyn this was an old candy store that I hung out in as a kid my parents hung out here as kids they may have even met here, and I go for a cup of coffee one day and I run into Rosemarie who this door belonged to and an X of what was going on with the store you know every time I go there its close, and she told me they were renting the space out and like a light bulb went off, and I just really wanted to save it, and you know the rest is history three days later I'm signing a lease it's not that it's important to have a pizza in Carroll Gardens its just that this is my neighborhood this is where I just love being here I want to be here don't want to be anywhere else there were still people here that I was in kindergarten with that I still see on a daily basis but for the most part almost everybody's gone and its like everything else in life everything changes Carroll Gardens was this amazing little neighborhood that not too many people know about, and it had such amazing restaurants here and there's still a small handful of places left I mean you have Fernando's Esposito pork store Missoula bakery Caputo bakery and Caputo deli other than that I don't think there's much left very fresh log bread its on the old neighborhood front I give it to the girls thank you very much this bread made with log salami and a lot of black pepper my brother brought something to our attention, and he was saying like blowing up for this table it was like playing in a minefield, and we didn't realize like all the stuff that was going on and how unsafe it was but at the same time it was super safe, so this is Carroll Park this is where like the whole neighborhood would come this was like the Yankee Stadium of Carroll Gardens some pretty crazy games were played here they fence it all in now, but we all used to hang out on the stoop over here when we were younger, and you know that was like where we would all congregate and meet you know on hot summer nights and that's why I smoked my first cigarette right there kiss my first girl — on the steps of the library still I know I'm shown that you want some...

People Also Ask about

What is NYC 245 form?

NYC-245 / Activities Report of Corporations.

Who must file NYC 4S?

S CORPORATIONS An S Corporation is subject to the General Corporation Tax and must file either Form NYC- 4S, NYC-4S-EZ or NYC-3L, whichever is appli- cable. Under certain limited circumstances, an S Corporation may be permitted or required to file a combined return (Form NYC-3A).

What is NYS mandatory first installment?

MTA surcharge – A first installment equal to 25% of the second preceding year's MTA surcharge is also required if your second preceding year's franchise, excise, or gross receipts tax after credits is more than $1,000 and you are subject to the MTA surcharge.

What is NYS CT-400?

Form CT-400, Estimated Tax for Corporations.

What taxes does an LLC pay in New York?

Entire Net Income With the exception of some qualified New York manufacturers to which a flat 6.5 percent rate applies, corporations in New York are generally only taxed at a rate of 6.5 percent on $290,000 or less of federal taxable income.

Who Must File NYC Partnership Return?

Income tax responsibilities must file Form IT-204, Partnership Return if it has either (1) at least one partner who is an individual, estate, or trust that is a resident of New York State, or (2) any income, gain, loss, or deduction from New York sources (see instructions).

What is mandatory first installment New York?

Corporations whose tax liability for the second preceding year exceeds $1,000 are required to pay 25% of the tax liability for the second preceding year as a first installment of estimated tax for the current year (MFI).

Who must file a NYC UBT return?

Any individual or unincorporated entity, other than a partnership, that carries on or liquidates a trade, business, profes- sion or occupation wholly or partly with- in New York City and has a total gross income from all business regardless of where carried on of more than $75,000 (prior to any deduction for cost of

What is the minimum corporate tax in New York?

Tax Bases and Rates If New York City Receipts are:Fixed Dollar Minimum Tax is:More than $100,000 but not over $250,000$75More than $250,000 but not over $500,000$175More than $500,000 but not over $ 1 million$500More than $1 million but not over $5 million$1,5008 more rows

Who is subject to NY MTA surcharge?

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

What is NY Form CT 300?

Form CT-300, Mandatory First Installment (MFI) of Estimated Tax for Corporations.

How are LLCs taxed in New York?

Tax responsibilities An LLC or LLP that is treated as a corporation for federal income tax purposes may be required to file a New York State corporation franchise tax return. An LLC or LLP may be required to pay a filing fee and/or estimated income tax on behalf of certain partners or members.

Who Must File Form NYC 204?

Any partnership that carries on or liquidates any trade, business, profession or occupation wholly or partly within New York City and has a total gross income from all business regardless of where carried on of more than $25,000 (prior to any deduction for cost of goods sold or services performed) must file an

Who is subject to NYC unincorporated business tax?

What Activities are Subject to This Tax? Unincorporated Businesses include: trades, professions, and certain occupations of an individual, partnership, limited liability company, fiduciary, association, estate or trust. The business can be active or in the process of being liquidated.

Who is subject to NYC income tax?

New York City residents must pay a Personal Income Tax which is administered and collected by the New York State Department of Taxation and Finance. Most New York City employees living outside of the 5 boroughs (hired on or after January 4, 1973) must file Form NYC-1127.

What is the New York City unincorporated business tax credit?

New York City unincorporated business tax credit a full-year or part-year New York City resident and. the owner of a business, a beneficiary of an estate or trust, or a partner in a partnership whose business, estate or trust, or partnership is subject to the New York City unincorporated business tax (UBT).

Do unincorporated businesses pay tax?

If you do have business income, then you are required to declare your business income on a tax return. As an unincorporated small business owner, this business income is reflected on a separate schedule on your personal tax return.

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What is NYC DoF NYC-245?

NYC DoF NYC-245 is a tax form used by property owners in New York City to report their property tax information and compliance with local tax regulations.

Who is required to file NYC DoF NYC-245?

Property owners and entities that own real property in New York City are required to file NYC DoF NYC-245.

How to fill out NYC DoF NYC-245?

To fill out NYC DoF NYC-245, property owners must provide detailed information about their property, including ownership details, property tax assessments, and any applicable exemptions or deductions.

What is the purpose of NYC DoF NYC-245?

The purpose of NYC DoF NYC-245 is to ensure accurate reporting of property tax information and compliance with New York City’s property tax laws.

What information must be reported on NYC DoF NYC-245?

Information that must be reported on NYC DoF NYC-245 includes property identification details, ownership data, assessment values, and any exemptions or tax benefits claimed.