This version of the form is not currently in use and is provided for reference only. Download this version of Form NYC-ATT-S-CORP for the current year.
This is a legal form that was released by the New York City Department of Finance - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is an S Corporation?
A: An S Corporation is a type of business entity that elects to pass corporate income, losses, deductions, and credits through to its shareholders for federal tax purposes.
Q: What is Federal Taxable Income?
A: Federal Taxable Income is the amount of income that a business entity is subject to federal income tax on after deductions, exemptions, and credits.
Q: How do you calculate Federal Taxable Income for an S Corporation in New York City?
A: To calculate Federal Taxable Income for an S Corporation in New York City, you would start with the corporation's federal taxable income and then make certain adjustments required by the city.
Q: What are the adjustments required by New York City?
A: The adjustments required by New York City may include items such as city-specific deductions, add-backs, or other modifications to federal taxable income.
Q: Why do S Corporations need to calculate Federal Taxable Income for New York City?
A: S Corporations need to calculate Federal Taxable Income for New York City in order to determine the amount of city income tax they owe to the city.
Q: What is the purpose of the NYC-ATT-S-CORP form?
A: The NYC-ATT-S-CORP form is used by S Corporations in New York City to calculate their Federal Taxable Income and determine their city income tax liability.
Form Details:
Download a printable version of Form NYC-ATT-S-CORP by clicking the link below or browse more documents and templates provided by the New York City Department of Finance.