Instructions For Form Nyc-Htx (Page 3 of 3) in pdf

Instructions for Form NYC-HTX

Page 3

2. a copy of its by-laws,

category the total number of taxable

LINE 17 - PENALTY

occupancies of rooms during the period

a) If you fail to file a return when due,

3. a statement of receipts and

covered by the return.

add to the tax (less any payments

disbursements for its most recent

made on or before the due date) 5%

year,

LINE 5 - ADDITIONAL TAX DUE

for each month or partial month the

Enter the total amount of rents or

form is late, up to 25%, unless the

4. a statement of its assets and

charges for taxable occupancies during

failure is due to reasonable cause.

liabilities for its most recent year,

this tax period. Multiply this by the

appropriate tax rate.

b) If the return is filed more than 60

5. a copy of its exemption from federal

days late, the minimum late filing

income tax issued by the Internal

Period

Tax Rate

penalty will be equal to the lesser of

Revenue Service,

Jul. 8, 1986 - Aug. 31, 1990

1) $100 or 2) 100% of the amount

Sept. 1, 1990 - Nov. 30, 1994

required to be shown an the return

6. copies of its federal, state, and City

On or after Dec. 1, 1994

less any payment or credits

tax returns for the most recent

claimed.

three years, and

LINE 7 - TOTAL TAX COLLECTED

Enter the amount of tax collected or

c) If you fail to pay the tax shown on

7. an affidavit of an officer of the

required to be collected according to

the return by the prescribed filing

organization stating:

the hotel’s books and records.

date, add to the tax (less any

a. the type of organization

payments made) 1/2% for each

b. the purpose for which it was

month or partial month the

organized

LINE 9 - REFUNDS AND/OR

payment is late up to 25%, unless

c. a description of its actual

CREDITS

the failure is due to reasonable

activities

Enter the sum of the following and

cause.

d. the source and disposition of its

attach a schedule to the return and

funds

explain on a rider:

d) The total of the additional charges

e. a statement that none of its net

a) any amount of tax paid to the

in (a) and (c) may not exceed 5%

earnings is credited to surplus

Department of Finance in the

for any one month except as

nor may inure to the benefit of

preceding period and refunded in

provided in (b).

any shareholder, member or

the current period to a person who

individual, and

has become a permanent resident;

If you claim not to be liable for these

f. such other facts as may be

additional charges, a statement in

relevant to its application.

b) any amount of tax paid to the

support of your claim should be

Department of Finance with

attached to the return. Additional

The application should be submitted to:

respect to rent which has been

penalties may be imposed on any

determined to be worthless, but

underpayment of the tax due to

only if the refund is requested

negligence or fraud.

New York City Dept. of Finance

within one year from the date of

Account Examinations Unit

payment; and

Officers of a corporate operator

Exemption Processing Section

and partners in a partnership that

25 Elm Place, 3rd Floor

c) any other credit allowable by law or

is an operator are personally liable

Brooklyn, NY 11201-5807

regulation, provided a detailed

for the tax collected or required to

explanation is attached to the

be collected by the corporation or

SP E C I F I C IN S T R U C T I O N S

return.

partnership and are subject to the

above penalties.

SCHEDULE A - COMPUTATION OF

LINE 16 - INTEREST

TAX

If the tax is not paid on or before the

LINE 18 - TOTAL REMITTANCE

due date, interest must be paid on the

DUE

LINE A - PAYMENT

amount of the underpayment from the

Add lines 13, 16 and 17 to obtain the

Enter the amount of payment remitted

due date to the date paid. For

total amount due. Make your check

with this return.

information as to the applicable rate of

payable to the order of: NYC

interest call Taxpayer Assistance at:

Department of Finance.

LINES 1 TO 4 - RENT

(718) 935-6000. Interest amounting

to less than $1 need not be paid.

Instructions For Form Nyc-Htx Page 3

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