Instructions For Form Ct-5 - Request For Six-Month Extension To File

CT-5-I 2004 (back)

Line A — Enter your payment in U.S. funds. We will accept a

If you are not required to pay the first installment of estimated tax

foreign check or foreign money order only if payable through a

for the next tax year, enter 0 on line 2.

United States bank or if marked Payable in U.S. funds. Detach all

Line 7 - If the franchise tax on line 1 exceeds $1,000, but does not

check stubs.

exceed $100,000, multiply the amount on line 6 by 25% (.25) and

Lines 1 and 6 — Use the worksheet below to properly estimate the

enter the result. If the franchise tax on line 1 exceeds $100,000,

franchise tax and the MTA surcharge.

multiply the amount on line 6 by 30% (.30) and enter the result.

Line 2 — If the franchise tax on line 1 exceeds $1,000, but does

Composition of prepayments

not exceed $100,000, multiply the amount on line 1 by 25% (.25)

If you need more space, write see attached in this section, and

and enter the result. If the franchise tax on line 1 exceeds

attach a separate sheet showing all relevant prepayment

$100,000, multiply the amount on line 1 by 30% (.30) and enter the

information. Transfer the total(s) to line 16, column A and B.

result.

Line 14 - Include overpayments credited from prior years. You may

Life insurance corporations — The mandatory first installment of

also include from last year’s return any amount of refundable tax

estimated tax for life insurance corporations is 40% of the

credits you chose to be credited as an overpayment.

preceding year’s tax.

Worksheet for lines 1 and 6

Line B — Enter the amount of MTA surcharge shown on the MTA

surcharge tax return for the preceding tax year, if it was a tax year of

Complete Parts I and II. However, if the corporation was not subject to

12 months. Enter 0 if you are not subject to the MTA surcharge for the

franchise tax for the preceding tax year, or if the preceding tax year was

tax year for which this extension is requested.

less than 12 months, skip Part I and complete only Part II. See the

Part II

instructions below.

Line C — Determine the franchise tax (computed after the deduction

Part I — Preceding year (if it was a tax year of 12 months)

of any tax credits and before the addition of the MTA surcharge) for

A. Franchise tax from preceding tax year ........................... A

the tax year for which this extension is requested. Multiply the

franchise tax by an amount not less than 90% and enter on line C (see

B. MTA surcharge from preceding tax year ........................ B

Requirements for a valid New York State extension above).

Part II — Current year

Line D — Determine the MTA surcharge for the tax year for which this

C. Franchise tax estimated to be due for the

extension is requested. Multiply the MTA surcharge by an amount not

current tax year .............................................................. C

less than 90% and enter on line D (see Requirements for a valid

D. MTA surcharge estimated to be due for

New York State extension above). Enter 0 if not subject to the MTA

the current tax year ......................................................... D

surcharge for the tax year for which this extension is requested.

Enter on lines 1 and 6 either:

Form CT-3M/4M filers only: If the fixed dollar minimum tax applies for

the current year and you were not subject to the MTA surcharge for the

• The tax from the preceding year (Part I, lines A and B); or

preceding year, compute the MTA surcharge as follows:

• The tax from the current year (Part II, lines C and D).

• Multiply the fixed dollar minimum by the MTA allocation

Exception: The combination of lines A and D may be used on lines 1

percentage of 100%; and

and 6 when the corporation filed a 12-month franchise tax return for the

• Multiply the result by the MTA surcharge rate of 17% (.17).

preceding tax year, but became subject to the MTA surcharge for the

tax year for which this extension is requested.

See the applicable MTA surcharge return and instructions for

information on the computation of the MTA surcharge. It may be

Worksheet instructions

necessary to complete the applicable MTA surcharge return to

Part I

compute the estimated MTA surcharge for the tax year for which this

extension is requested.

Line A — Enter the amount of franchise tax (computed after the

deduction of any credits and before the addition of the MTA

surcharge) shown on the franchise tax return for the preceding tax

year, if it was a tax year of 12 months.

Need help?

Hotline for the hearing and speech impaired:

Internet access:

If you have access to a telecommunications device for the

(for information, forms, and publications)

deaf (TDD), contact us at 1 800 634-2110. If you do not

own a TDD, check with independent living centers or

community action programs to find out where machines

Fax-on-demand forms: Forms are

are available for public use.

available 24 hours a day,

7 days a week.

1 800 748-3676

Persons with disabilities: In compliance with the

Americans with Disabilities Act, we will ensure that our

Telephone assistance is available from 8:00

A.M.

lobbies, offices, meeting rooms, and other facilities are

5:00

(eastern time), Monday through Friday.

P.M.

accessible to persons with disabilities. If you have

To order forms and publications:

1 800 462-8100

questions about special accommodations for persons

Business Tax Information Center:

1 800 972-1233

with disabilities, please call 1 800 972-1233.

From areas outside the U.S. and

outside Canada:

(518) 485-6800

Instructions For Form Ct-5 - Request For Six-Month Extension To File - 2004 Page 2

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