Form Nyc-1 - Tax Return For Banking Corporations - 2017 Page 3
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EIN:
Form NYC-1 2017
ATTACH COPY OF ALL PAGES OF YOUR FEDERAL FORM 1120S
Page 3
S C H E D U L E C - Computation and Allocation of Alternative Entire Net Income
Entire net income (from Schedule B, line 30)............................................................................................................
1.
1.
2.
Interest income from subsidiary capital (from Schedule B, line 22)..........................................................................
2.
3.
Dividend income, gains and losses from subsidiary capital (from Schedule B, line 23 and 24)...............................
3.
4.
Interest income on obligations of N.Y. State, its political subdivisions, or of the U.S. (from Schedule B, line 25)....
4.
5.
Alternative entire net income (add lines 1 through 4)................................................................................................
5.
%
6.
Allocated alternative entire net income - line 5 x
(from Schedule G, part 2, line 5 rounded to
the nearest one hundredth of a percentage point) (enter on page 1, Schedule A, line 2)........................................
6.
S C H E D U L E D - Computation and Allocation of Taxable Assets
1.
Average value of total assets...................................................................................................................................... 1.
2.
Money or other property received from the Federal Deposit Insurance Corporation or from the Federal
Savings and Loan Insurance Corporation................................................................................................................... 2.
Taxable assets (line 1 less line 2)................................................................................................................................ 3.
3.
Allocated taxable assets - line 3 x
%
(from Schedule G, part 3, line 7 rounded to the nearest
4.
one hundredth of a percentage point) (enter on page 1, Schedule A, line 3)............................................................. 4.
%
Net worth on the last day of the tax year
Compute net worth ratio:
5.
= ...................................... 5.
Total assets on the last day of the tax year
Average quarterly balance of mortgages
Compute percentage of mortgages
%
6.
= ....................................... 6.
included in total assets:
Average quarterly balance of total assets
Use the chart below to determine your tax rate. This rate must be used to compute the alternative minimum tax measured by taxable assets. You must meet
both the net worth ratio and percentage of mortgages included in the total assets requirements to qualify for the lower tax rates.
Mark an X in the appropriate box in the last column and use this rate on line 3 of Schedule A.
If the net worth ratio
And the % of mortgages included
The tax rate is:
Indicate the appropriate tax rate:
(from line 5) is:
in total assets (from line 6) is:
Less than 4%
33% or more
.00002
At least 4% but less than 5%
33% or more
.00004
All others
All others
.0001
S C H E D U L E E - Federal Return Information - All Banks
THE FOLLOWING INFORMATION MUST BE ENTERED FOR THIS RETURN TO BE COMPLETE
Enter on Lines 1 through 10, in the Federal Amount column, the amounts reported
Federal Amount
on your Federal 1120S.
______________________________________
t
t
Interest income.................................................................................................................. 1.______________________________________
1.
2.
Other income..................................................................................................................... 2.______________________________________
3.
Total income...................................................................................................................... 3.______________________________________
Compensation of officers................................................................................................... 4.______________________________________
4.
5.
Salaries and wages........................................................................................................... 5.______________________________________
Bad debts.......................................................................................................................... 6.______________________________________
6.
7.
Interest expense................................................................................................................ 7.______________________________________
8.
Other deductions............................................................................................................... 8.______________________________________
Total deductions................................................................................................................. 9.______________________________________
9.
10.
Taxable income before NOL.............................................................................................. 10.______________________________________
Enter on lines 1 through 5, in the Federal Amount column, the amounts reported on
Federal Amount
your Federal 1120S.
______________________________________
t
t
1.
Net income (loss) per books............................................................................................. 1.______________________________________
Income subject to tax not recorded on books this year.................................................... 2.______________________________________
2.
3.
Expenses recorded on books this year not deducted on this return................................. 3.______________________________________
Income recorded on books this year not included on this return...................................... 4.______________________________________
4.
5.
Deductions on this return not charged against book income this year............................. 5.______________________________________
Enter on lines 1 and 2 in the Federal Amount column the amounts reported on
Federal Amount
your Federal 1120S.
______________________________________
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1.
Total assets (Beginning of tax year, Schedule L, Column b)............................................ 1.______________________________________
10031791
2.
Total assets (End of tax year, Schedule L, Column d)...................................................... 2.______________________________________
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