Instructions For Form Cr-Q (Page 5 of 8) in pdf

Instructions for Form CR-Q for the period of December 1, 2006 to February 28, 2007, ONLY

Page 5

clothing and appliances, but

Complete the entire schedule

bility), or otherwise represent

do not include insurance,

for each premises.

you before the Department. The

banking or other types of

authorization cannot be revoked,

services; and

If you rent more than three

however, the authorization will

premises or have more than

automatically expire no later

7. various governmental bodies,

one subtenant, attach an addi-

than the due date (without regard

the U.N., and nonprofit reli-

tional schedule.

to any extensions) for filing next

gious, charitable and educa-

year's return. Failure to check

tional organizations. Other

Preparer Authorization: If you

the box will be deemed a denial

nonprofit organizations may

want to allow the Department of

of authority.

be exempt from the tax. For

Finance to discuss your return

more information, see Sec-

with the paid preparer who

tions 7-04 through 7-06 of the

signed it, you must check the

SPECIFIC

Commercial Rent Tax Rules.

"yes" box in the signature area of

INSTRUCTIONS

(Title 19, Rules of the City of

the return. This authorization

New York, Chapter 7)

applies only to the individual

PAGE 2 - Computation of Base

whose signature appears in the

Rent

COMBINED BUSINESS/

"Preparer's Use Only" section of

RESIDENTIAL USE

your return. It does not apply to

For purposes of completing

Where a tenant pays an undivided

the firm, if any, shown in that

this form round off cents to the

rent for a premises used both for

section. By checking the "Yes"

nearest whole dollar.

residential and business purposes,

box, you are authorizing the

the tax applies to that part of the

Department of Finance to call

LINE 1 - TAXABLE

rent that is attributable to the part

the preparer to answer any ques-

PREMISES

of the premises used for business

tions that may arise during the

Enter address, zip code and

purposes. In such a case, the rent

processing of your return. Also,

block and lot number of each

attributable to business use is the

you are authorizing the preparer

taxable premises where the

amount which the tenant deducts

to:

annualized gross rent exceeds

as rent for the premises for feder-

$200,000. To find the block and

al income tax purposes.

Give the Department any

lot number corresponding to the

information missing from your

taxable premises, log on to the

WHEN AND WHERE

return,

Department of Finance website

TO FILE

at nyc.gov/finance and mouse

File your return within 20 days

Call the Department for infor-

over the Real Estate Tax (blue

after the end of the period cov-

mation about the processing of

bar) drop down menu, click on

ered by this return.

Interest

your return or the status of

“Assessment Roll” and click on

will be assessed after the filing

your refund or payment(s), and

“Search by Address”. Alterna-

of the annual return if this quar-

tively, the block and lot number

terly return is filed late.

The

Respond to certain notices

can be obtained from your land-

return should be mailed to:

that you have shared with

lord or managing agent. If you

the preparer about math

have more than three such prem-

NYC Department of Finance

errors, offsets, and return

ises, make copies of page 2 or

P.O. Box 5150

preparation. The notices will

attach a schedule giving the

Kingston, NY 12402-5150

not be sent to the preparer.

same information required by the

form showing figures and com-

HOW TO COMPLETE QUAR-

You are not authorizing the

putations clearly. Make sure the

TERLY TAX FORM CR-Q

preparer to receive any refund

copies or the schedule bear the

Complete this return by begin-

check, bind you to anything

taxpayer’s name, address, period

ning on page 2.

(including any additional tax lia-

covered by the return, Account

Instructions For Form Cr-Q Page 5

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