Insurance corporations taxable under Article 33 or any corporation taxable under Article 9 can't elect to be a New York S corporation. Be a general business corporation taxable under Article 9-A or be the parent of a QSSS that is taxable under Article 9-A of the New York State Tax Law.To qualify for New York S corporation treatment, your corporation must: Who qualifies to make the New York S election Therefore, unless you are mandated, you need to qualify to make the election to be a New York S corporation and follow the steps outlined below. If your shareholders have made an S election for federal purposes, you should be aware that New York State does not automatically treat your company as a New York S corporation unless you are mandated to file as an S corporation under Tax Law section 660(i). See TSB-M-15(7)C, (6)I for additional information on the impact of corporate tax reform on New York S corporations and their shareholders. See S corporations - tax years beginning before January 1, 2015, for S corporation information for years prior to corporate tax reform. ![]() ![]() ![]() The information on this page is applicable for tax years beginning on or after January 1, 2015, as corporate tax reform significantly altered the Article 9-A tax for such tax years. S corporations - tax years beginning on or after January 1, 2015
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |