NYC DoF NYC-245 2015 free printable template

ALL RETURNS EXCEPT REFUND RETURNS NYC DEPT. OF FINANCE P. O. BOX 5564 BINGHAMTON NY 13902-5564 Title RETURNS CLAIMING REFUNDS NY 13902-5563 Date ENTER YOUR CORRECT NUMBER NYC-245 2015 Signature of Officer Instructions for Form NYC-245 - 2015 This report must be filed by any corporation that has an officer employee agent or representative in the City and claims not to be subject to the New York City General Corporation Tax or Business Corporation Tax. TM 30811591 Department of Finance...

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 NYC Department of Finance website or local office.
2. Fill in your personal information at the top of the form, including your name, address, and taxpayer identification number.
3. Enter the property information, including the block and lot numbers, and any relevant property details.
4. Complete the section detailing the nature of the report, including the specific period being reported.
5. Provide any necessary financial information requested on the form, including income, expenses, and deductions related to the property.
6. Review the instructions for any additional documents that may need to be submitted alongside the form.
7. Sign and date the form before submitting it to the appropriate office.

Who needs NYC DoF NYC-245?

1. Property owners seeking property tax benefits or exemptions.
2. Individuals or entities required to report property-related income or expenses.
3. Tax professionals managing property accounts for clients.
4. Anyone involved in real estate transactions within New York City.

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 in New York City for reporting certain business-related activities and financial information to the Department of Finance.

Who is required to file NYC DoF NYC-245?

Businesses operating in New York City that meet specific criteria related to their financial operations, income, or property requirements are required to file NYC DoF NYC-245.

How to fill out NYC DoF NYC-245?

To fill out NYC DoF NYC-245, individuals or businesses must provide detailed financial information as outlined in the form's instructions, including income, expenses, and specific business activities.

What is the purpose of NYC DoF NYC-245?

The purpose of NYC DoF NYC-245 is to collect important financial data that helps the New York City Department of Finance assess taxes, enforce compliance with local laws, and analyze economic activity.

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

NYC DoF NYC-245 requires reporting of various types of financial information including revenue, deductions, business expenses, and specific operational details as required by the form.