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Page 2 of 2 CT-222.1 (2011)

Instructions

Purpose of the form

Signature

Use Form CT-222.1 to select one of the two options that can

The election must be certified by the president, vice president,

be elected under Tax Law section 1085(d)(3) to compute the

treasurer, assistant treasurer, chief accounting officer, or other

corporation’s estimated tax under the annualized income

officer authorized by the taxpayer corporation.

installment method. You may use a single form to make

The election of an association, publicly traded partnership, or

the election for more than one type of return (for example,

business conducted by a trustee or trustees must be signed by

Forms CT-3, General Business Corporation Franchise Tax

a person authorized to act for the association, publicly traded

Return, and CT-3M/4M, General Business Corporation MTA

partnership, or business.

Surcharge Return). However, the due date of the election for

each return may be different. If so, a separate Form CT-222.1 is

If an outside individual or firm prepared the election, all

required.

applicable entries in the paid preparer section must be

completed, including identification numbers (see Paid preparer

Who can elect

identification numbers in Form CT-1). Failure to sign the election

Any corporation using the annualized income installment

will delay the processing of any refunds and may result in

method to compute its estimated tax may elect either option 1

penalties.

or option 2 by filing Form CT-222.1. If you use the standard

option, do not file Form CT-222.1.

Need help? and Privacy notification

See Form CT-1, Supplement to Corporation Tax Instructions.

When and where to file

File Form CT-222.1 annually to elect option 1 or option 2, even

if you select the same election each year. File Form CT-222.1 by

the due date of your declaration of estimated tax for which the

election is to apply. To ensure proper processing of this election,

it should be attached to the first Form CT-400, Estimated Tax for

Corporations, or CT-400-MN, that is due for this tax year. For

information concerning declarations of estimated tax, including

due dates, see Form CT-400-I, Instructions for Forms CT-400

and CT-400-MN. The election applies only to the tax year

for which it is made. Once the election is made it cannot be

revoked for that tax year.

Mail the completed form to:

NYS ESTIMATED CORPORATION TAX

PO BOX 4136

BINGHAMTON NY 13902-4136

Private delivery services

If you choose, you may use a private delivery service, instead of

the U.S. Postal Service, to mail in your form and tax payment.

However, if, at a later date, you need to establish the date you

filed or paid your tax, you cannot use the date recorded by

a private delivery service unless you used a delivery service

that has been designated by the U.S. Secretary of the Treasury

or the Commissioner of Taxation and Finance. (Currently

designated delivery services are listed in Publication 55,

Designated Private Delivery Services. See Need help? for

information on obtaining forms and publications.) If you have

used a designated private delivery service and need to establish

the date you filed your form, contact that private delivery

service for instructions on how to obtain written proof of the

date your form was given to the delivery service for delivery. If

you use any private delivery service, whether it is a designated

service or not, send the forms covered by these instructions

to: JPMorgan Chase, NYS Estimated Corporation Tax,

33 Lewis Road, Binghamton NY 13905-1040.

53202110094

Form Ct-222.1 - Election To Use Different Annualization Periods For Corporate Estimated Tax - 2011 Page 2

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