Instructions For Form Ct-3-S-A/c - Report By An S Corporation Included In A Combined Franchise Tax Return - New York State Department Of Taxation And Finance - 2005
ADVERTISEMENT
1CT-3-S-A/C (2005) (back)
Instructions
Short periods – Fixed dollar minimum tax and maintenance fee
New for 2005 —
Third-party designee - You can authorize
another person to discuss a tax return with the Tax Department by
Annualize the gross payroll and total receipts for tax periods of less
completing the Third-party designee section of the form. For more
than 12 months by dividing the amount of each by the number of
information, see Third-party designee below.
months in the short period and multiplying the result by 12.
—
The fixed dollar minimum tax and maintenance fee may be reduced
Filing requirements
Form CT-3-S-A/C is an individual
for short periods as follows:
certification that must be filed by each member of the New York State
combined group except a foreign corporation that is not taxable in
Period
Reduction
New York State. This form must be filed annually and attached to
Not more than 6 months ........................................................... 50%
the payer corporation’s Form CT-3-S-A, New York S Corporation
More than 6 months
Combined Franchise Tax Return.
but not more than 9 months ...................................................... 25%
You must complete Form CT-34-SH, New York S Corporation
More than 9 months .................................................................None
Shareholders’ Information Schedule, and attach it to this form.
—
Composition of prepayments
Complete this schedule
—
only if the corporation filing this Form CT-3-S-A/C made separate
Reporting period
Complete the beginning and ending tax
payments or has separate credits.
period boxes in the upper right corner on the front.
Lines 3 through 7 — If you need more space, write see attached
—
NAICS business code number
Enter the six-digit NAICS
in this section, and attach a separate sheet showing all relevant
business activity code number from your federal return.
prepayment information. Transfer the total shown on the attached
sheet to line 7.
Fixed dollar minimum tax —
Lines 1a through 1d — Each
Line 6 — Include franchise tax overpayments credited from prior
corporation (except the payer corporation or a foreign corporation
years.
that is not taxable in New York State) must compute its own fixed
dollar minimum tax on this form. Enter your gross payroll, total
—
Third-party designee
If you want to authorize another
receipts, and average value of gross assets in the boxes.
person (third-party designee) to discuss your 2005 tax return with
Gross payroll is the total wages, salaries, and other personal
the New York State Tax Department, mark an X in the Yes box in the
services compensation of all employees, including general executive
Third-party designee area of your return. Also enter the designee’s
officers, wherever located.
name, phone number, and any five-digit number the designee
chooses as his or her personal identification number (PIN). If you
Use the total amounts shown on federal Form 1120S, lines 7 and 8,
want to authorize the paid preparer who signed your return to
including any employment credits deducted on line 8, plus any
discuss the return with the Tax Department, enter Preparer in the
wages included in the cost of goods sold from Schedule A, line 3.
space for the designee’s name. You do not have to provide the other
Total receipts are the total receipts from the sales of tangible
information requested.
personal property, services performed, rentals, royalties, receipts
If you mark the Yes box, you are authorizing the Tax Department to
from the sales of rights for closed circuit and cable transmissions,
discuss with the designee any questions that may arise during the
and all other business receipts received in the regular course of
processing of your return. You are also authorizing the designee to:
business. These items can be found on federal Form 1120S, income
section, lines 1c and 5. Also include any rental and royalty receipts
• give the Tax Department any information that is missing from your
required to be shown on federal Form 1120, lines 6 and 7.
return;
• call the Tax Department for information about the processing of
Average value of gross assets is the average fair market value of
your return or the status of your refund or payment(s); and
real property and marketable securities, plus all other property
at the value shown on your books, in accordance with generally
• respond to certain Tax Department notices that you shared with
accepted accounting principles. Use the applicable amount from
the designee about math errors, offsets, and return preparation.
Form CT-3-S-A/B, Combined Group Detail Spreadsheet, line 26.
The notices will not be sent to the designee.
Do not remit the tax with this form. Enter the fixed dollar minimum
You are not authorizing the designee to receive your refund check,
tax on line 1d of this form and also include it on Form CT-3-S-A,
bind you to anything (including any additional tax liability), or
line 50a or line 50b, whichever is applicable.
otherwise represent you before the Tax Department. If you want
the designee to perform those services for you, you must file
For tax years beginning in 2003, 2004, and 2005, the franchise tax
Form POA-1, Power of Attorney, making that designation with the
for a New York S corporation is the applicable fixed dollar minimum
Tax Department. Copies of statutory tax notices or documents (such
tax (including the $800 fixed dollar minimum tax) determined under
as a Notice of Deficiency) will only be sent to your designee if you
Tax Law section 210(1)(d).
file Form POA-1.
Accordingly, for tax years beginning in 2004 and 2005, a New York
You cannot revoke the third-party designee authorization or change
S corporation computes its fixed dollar minimum tax as follows:
the PIN. However, the authorization will automatically end on the due
The fixed dollar
For a corporation with gross
date (without regard to extensions) for filing your 2006 tax return.
minimum tax equals:
payroll of:
Privacy notification —
The Commissioner of Taxation and Finance may collect and maintain
$25,000,000 or more
$10,000
personal information pursuant to the New York State Tax Law, including but not limited to, sections 171, 171-a, 287,
308, 429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and may require disclosure of social security numbers
Less than $25,000,000 but more
pursuant to 42 USC 405(c)(2)(C)(i).
than $6,250,000
$5,000
This information will be used to determine and administer tax liabilities and, when authorized by law, for certain tax
offset and exchange of tax information programs as well as for any other lawful purpose.
Not more than $6,250,000 but more
Information concerning quarterly wages paid to employees is provided to certain state agencies for purposes of
fraud prevention, support enforcement, evaluation of the effectiveness of certain employment and training programs
than $1,000,000
$425
and other purposes authorized by law.
Failure to provide the required information may subject you to civil or criminal penalties, or both, under the Tax Law.
Not more than $1,000,000 but more
This information is maintained by the Director of Records Management and Data Entry, NYS Tax Department,
than $500,000
$325
W A Harriman Campus, Albany NY 12227; telephone 1 800 225-5829. From areas outside the United States and
outside Canada, call (518) 485-6800.
$500,000 or less
$100*
Need help?
However, if the corporation’s gross
payroll, total receipts, and average value of
Internet access:
gross assets are each $1,000 or less:
$800
(for information, forms, and publications)
* Foreign authorized corporations: If your total corporation taxes are
Fax-on-demand forms:
1 800 748-3676
less than $300, you must increase your payment accordingly to
satisfy the $300 maintenance fee requirement.
To order forms and publications:
1 800 462-8100
Business Tax Information Center:
1 800 972-1233
From areas outside the U.S. and
outside Canada:
(518) 485-6800
Hearing and speech impaired
(telecommunications device for the
44402050094
deaf (TDD) callers only):
1 800 634-2110
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ct-3-a/c - Report By A Corporation Included In A Combined Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Form Ct-32-a/c - Report By A Banking Corporation Included In A Combined Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Form Ct-3-a/att - Schedules A, B, And C - Attachment To Form Ct-3-a - General Business Corporation Combined Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Instructions For Form Ct-3-c - Consolidated Franchise Tax Return - New York State Department Of Taxation And Finance - 2005
Financial
Form Ct-32-a - Banking Corporation Combined Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Form Ct-3-c - Consolidated Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Form Ct-3 - General Business Corporation Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Form Ct-32 - Banking Corporation Franchise Tax Return - New York State Department Of Taxation And Finance - 2012
Financial
Related Categories
Parent category: Financial