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FRY6 0MB Number 71000297 Approval expires November 30, 2025 Page 1 of3Board of Governors of the Federal Reserve System..... ,:coy \',t... \',.......... Annual Report of Holding CompaniesFR Y6 ..Litt
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COY stands for 'Certificate of Yearly Filing,' which is a document that summarizes annual financial activities for tax purposes.
Individuals and businesses who are subject to tax and have taxable income for the year are required to file COY.
COY can be filled out by providing required financial information, including income, deductions, and credits on the official form provided by tax authorities.
The purpose of COY is to ensure proper reporting of annual income and taxes owed, facilitating tax collection by governmental agencies.
Information that must be reported includes total income, allowable deductions, tax credits, and any taxes already paid.
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