Instructions For Form Nyc-202 - Unincorporated Business Tax Return

Instructions for Form NYC-202 2006

Page 3

if licensed;

claim a refund of Unincorporated Business

this return will be allowed if, within the time

Tax.

prescribed for filing, the taxpayer files with the

(5) the total number of transactions and

Department of Finance an Application for

amount of receipts for the taxable

FORM NYC-115 - Unincorporated Business

Extension on Form NYC-62 and pays the

year from all sales of parking servic-

Tax Report of Change in Taxable Income

amount properly determined as its tax. See the

es, including prepaid parking servic-

made by the Internal Revenue Service and/or

instructions for Form NYC-62 for information

es, all parking services provided

New York State Department of Taxation and

regarding what constitutes a properly estimated

without charge and all parking serv-

Finance must be used for reporting adjust-

tax for this purpose. Failure to pay a properly

ices paid for by a person other than

ments in taxable income resulting from an

estimated amount will result in a denial of the

the person whose vehicle is parked,

Internal Revenue Service audit of your federal

extension.

garaged or stored (such as a mer-

income tax return and/or a New York State

chant validation of a parking ticket);

Department of Taxation and Finance audit of

No additional extension for filing a return will

(6) the total number of transactions and

your State income tax return.

be granted beyond the six-month extension,

amount of receipts from sales of

unless the taxpayer is outside the United

FORM

NYC-221

Underpayment

monthly or longer term parking

States. (Taxpayers outside the United States

Estimated Unincorporated Business Tax will

services including a designation of

should refer to 19 RCNY Section 28-18(c) for

help you determine if you have underpaid an

each transaction and receipt as

additional extensions.)

estimated tax installment and, if so, compute

exempt

from

the

percent

the penalty due.

Manhattan parking tax, where appli-

WHERE TO FILE

FORM NYC-399 - Schedule of New York

cable; and

Returns with remittances:

City Depreciation Adjustments must be used

NYC Department of Finance

(7) the total number of transactions and

to compute the allowable New York City

P.O. Box 5040

amount of receipts from sales of

depreciation deduction if you claim the feder-

Kingston, NY 12402-5040

monthly or longer term parking serv-

al ACRS or MACRS depreciation deduction

ices provided to building tenants.

Returns claiming refunds:

for certain property placed in service after

NYC Department of Finance

Failure to submit the above informa-

December 31, 1980. See the instructions for

P.O. Box 5050

tion with this return will result in all of

line 10d of Schedule B.

Kingston, NY 12402-5050

the income of that garage being subject

FORM

NYC-399Z

–

Depreciation

to tax.

All others:

Adjustments for Certain Post 9/10/01 Property

See Section 11-502 (d) of the NYC

NYC Department of Finance

may have to be filed by taxpayers claiming

Administrative Code.

P.O. Box 5060

depreciation deductions for certain sport utili-

Kingston, NY 12402-5060

ty vehicles or "qualified property," other than

NOTE:

If you are engaged exclusively in an

"qualified New York Liberty Zone property"

activity exempt from Unincorporated

NOTE:

If a Declaration of Estimated

and "qualified New York Liberty Zone lease-

Business Tax, you are not required to file a

Unincorporated Business Tax (Form NYC-

hold improvements" placed in service after

return.

5UBTI) is being filed, DO NOT mail it to any

September 10, 2001 for federal or New York

address listed here. It should be mailed to the

State tax purposes. See “Highlights of Recent

OTHER FORMS YOU MAY BE

address indicated on Form NYC-5UBTI.

Tax Law Changes”, Finance Memorandum

REQUIRED TO FILE

02-3

(revised)

"New York

City

Tax

FORM

NYC-5UBTI

Declaration

ACCESSING NYC TAX FORMS

Consequences of Certain Retroactive Federal

Estimated Unincorporated Business Tax must

By Computer - Download forms from the

and New York Tax Law Changes" and Finance

be filed by every individual, estate or trust car-

Finance website at nyc.gov/finance

Memorandum 06-1 dated October 12, 2006

rying on an unincorporated business or profes-

“Application of IRC §280F Limits to Sports

sion in New York City and whose estimated

By Fax - For fax copies call 212-504-4038

Utility Vehicles.”

tax can reasonably be expected to exceed

from the phone connected to your fax machine

$1,800 for the calendar year or fiscal year

or modem.

FORM NYC-CR-A - Commercial Rent Tax

immediately following the year covered by

Annual Return must be filed by every tenant

this return.

By Phone - Order forms through Finance’s

that rents premises for business purposes in

form ordering service, by calling 212-504-

Manhattan south of the center line of 96th

The declaration must cover a full calendar or

4035, and receive forms in the mail.

Street and whose annual or annualized gross

fiscal year and is due on the 15th day of the

rent for any premises is at least $200,000.

fourth month of the taxable year. (A partner-

IDENTIFYING INFORMATION

(Effective June 1, 2001).

ship declaration should be filed on Form

In the space provided on the front of the

NYC-5UB.)

return, enter your correct Social Security

WHEN TO FILE

For further information about estimated tax

Number and Employer Identification Number

Form NYC-202 is due on or before April 16,

payments and due dates, see Form NYC-

and New York State Sales Tax ID Number, if

2007, or, for fiscal year taxpayers, on or before

5UBTI.

applicable. The Sales Tax ID number can be

the 15th day of the fourth month following the

9, 10 or 11 digits.

Enter the same business

close of the taxable year.

FORM NYC-62 - Application for Automatic

code entered on federal Schedule C or

Extension is an application for a six-month

See the instructions for Form NYC-62 for

Schedule C-EZ. Individuals licensed and/or

extension of time to file an Unincorporated

information regarding what constitutes a prop-

regulated by the NYC Taxi and Limousine

Business Tax Return. File Form NYC-62 on

er estimated tax for this purpose. Failure to

Commission use business code 999999 in lieu

or before the due date of the return.

pay a properly estimated amount will result in

of the federal code.

a denial of the extension.

FORM NYC-113 - Unincorporated Business

If this is an amended return, check the box on

Tax Claim for Credit or Refund is used to

An automatic extension of six months for filing

page 1.

Instructions For Form Nyc-202 - Unincorporated Business Tax Return - 2006 Page 3

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