NY CT-6.1 2014 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. Download the NY CT-6.1 form from the New York State Department of Taxation and Finance website.
2. Fill in your business information at the top of the form, including your name, address, and employer identification number (EIN).
3. Specify the type of business entity by checking the appropriate box.
4. Complete the sections that outline the period for which you are filing and any relevant tax information.
5. Report any related information and supporting documents as required in the form.
6. Review the instructions carefully to ensure all necessary fields are filled out.
7. Sign and date the form at the bottom.
8. Submit the finished form to the appropriate New York tax office by mail or electronically.

Who needs NY CT-6.1?

1. Any business entity operating in New York that is seeking to claim certain credits or refunds needs to file NY CT-6.1.
2. This includes corporations and organizations that are subject to New York State corporation tax.

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.

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What is NY CT-6.1?

NY CT-6.1 is a form used by corporations operating in New York State to claim a credit or exemption from certain taxes.

Who is required to file NY CT-6.1?

Corporations that qualify for the credit or exemption provided by New York State tax laws are required to file NY CT-6.1.

How to fill out NY CT-6.1?

To fill out NY CT-6.1, corporations must provide their identification information, details about the credit or exemption they are claiming, and any necessary supporting documentation.

What is the purpose of NY CT-6.1?

The purpose of NY CT-6.1 is to allow corporations to formally request and claim various tax credits or exemptions to reduce their tax liabilities in New York State.

What information must be reported on NY CT-6.1?

The information that must be reported on NY CT-6.1 includes the corporation's name, address, tax identification number, details of the credit being claimed, and supporting documentation as required.