Instructions For Claims Based On Credit(S) Form Nyc-8

Form NYC-8 - 2001

Page 4

ever, the authorization will automatically expire no later

LINE 19 - PRIOR PAYMENTS

than the due date (without regard to any extensions) for

Enter at line 19, columns 1 and 3 the sum of: a) all esti-

filing next year's return. Failure to check the box will

mated tax payments made for the period covered by this

be deemed a denial of authority.

return, including the 25% first installment; b) all amounts

paid with any application for extension to file the original

return; c) all overpayments from prior tax periods credit-

ed towards the tax for the period covered by this return;

P E C I F I C

N S T R U C T I O N S

and d) all amounts paid with the original return or previ-

ously filed amended return.

COLUMN 1 - AMOUNT ORIGINALLY REPORTED

Enter the amounts from your New York City return as

LINES 20 AND 21 - PRIOR APPLICATION

originally filed or as you later amended it.

OF OVERPAYMENT

Enter at line 20, columns 1 and 3 the amount of any over-

COLUMN 2 - NET CHANGE

payment shown on the original return or previous refund

Enter the net increase or net decrease for each line you

claim (for the same period) previously refunded to you.

are changing. Use parentheses around all amounts that

Enter at line 21, columns 1 and 3 the amount of any over-

are decreases. (Attach a separate schedule explaining the

payment shown on the original return or previous refund

increases or decreases.)

claim (for the same period) that you requested to be cred-

COLUMN 3 - CORRECT AMOUNT

ited towards tax for a subsequent period.

Add the increase in column 2 to the amount in column 1

or subtract the column 2 decrease from column 1. Enter

Submit schedule of allocation percentages (if any) utilized

the result in column 3. For any item not changed, enter

in making entries in column 2 of this report.

the amount from column 1 in column 3.

LINE 23 - OVERPAYMENT

LINES 2, 4, 5b, 6, 8 and 10

If the amount on line 22, column 3 exceeds the amount on

Use the tax rate schedule to determine the applicable

line 18, column 3, enter the excess on line 23. If the

rates for the taxable year covered by this return/claim.

amount on line 22, column 3 does not exceed the amount

On line 10 enter the total minimum tax of each corpora-

on line 18, column 3, enter “0” on line 23. If you owe addi-

tion included in the combined report with the exception

tional tax, you must file an amended return on the applica-

of any corporation not otherwise subject to the tax.

ble form NYC-3A, NYC-3L or NYC-4S.

TAX RATE SCHEDULE

TAXPAYER ASSISTANCE

Taxable Years

Allocated Net

Allocated

If you have a tax-related question or problem, contact

Beginning

Business

...and Before

Income/

Subsidiary

Minimum Tax

on or After...

Alternative Tax

and Investment

Capital

Taxpayer Assistance by calling (718) 935-6000, Monday

Capital

through Friday, between the hours of 9:00am and 4:30

1-1-77

1-1-78

9.5%

0.15%

$125

.075%

1-1-78

1-1-87

9.0%

0.15%

$125

.075%

pm.

1-1-87

7-1-89

8.85%

0.15%

$125

.075%

7-1-89

1-1-02

8.85%

0.15%

$300

.075%

Additional information is accessible from our Internet

NOTE: The rate of tax on capital for cooperative housing

web site located at:

corporations as defined in the Internal Revenue Code is

4/10 mill (.0004).

LINE 14 - 25% FIRST INSTALLMENT

Enter in column 1 and column 3 the amount of the 25%

first installment as reported on the original return.

LINE 15 - SALES TAX ADDBACK

If a credit or refund of sales or compensating use tax was

received to which this form relates for which you claimed

a credit in a prior period, the amount of such credit or

refund must be added back on line 15. (Refer to instruc-

tions for Form NYC-9.5.)

NYC-8 - 2001

Instructions For Claims Based On Credit(S) Form Nyc-8 - 2001 Page 3

Related Articles

Related forms

Related Categories