nyc corporate tax return
Filing corporate taxes in New York City can be a complex endeavor, especially for businesses unfamiliar with the specific requirements. This article provides a basic overview of NYC corporate tax returns , but it's crucial to remember that it shouldn't be substituted for professional tax advice. Who Needs to File: C Corporations: Generally, all C Corporations doing business, employing capital, owning property, or maintaining an office in NYC must file a return (Form NYC-2). S Corporations: S Corporations with similar activities in NYC file a General Corporation Tax Return (Form NYC-4S) unless they solely manage investment or subsidiary capital outside the city (then Form NYC-3L applies). Key Points to Remember: Minimum Tax: S corporations with minimal NYC activity might still be subject to a minimum tax based on gross receipts. Filing Deadlines: The filing deadline typically aligns with federal and state tax returns. Extensions are possible, but estimated tax payments may