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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form NYC-2.5
for the current year.
Instructions for Form NYC-2.5 Computation of Receipts Factor - New York City
This document contains official instructions for Form NYC-2.5 , Computation of Receipts Factor - a form released and collected by the New York City Department of Finance.
FAQ
Q: What is Form NYC-2.5?
A: Form NYC-2.5 is a form used to calculate the receipts factor for businesses operating in New York City.
Q: What is the receipts factor?
A: The receipts factor is a percentage used to determine the portion of a business's total income that is sourced to New York City.
Q: Who needs to file Form NYC-2.5?
A: Businesses that operate in New York City and have more than $1 million in gross receipts must file Form NYC-2.5.
Q: What information is needed to complete Form NYC-2.5?
A: You will need to provide your total gross receipts, your New York City gross receipts, and your receipts sourced to other jurisdictions.
Q: When is Form NYC-2.5 due?
A: Form NYC-2.5 is due on or before April 15th of the following year.
Q: Are there any penalties for not filing Form NYC-2.5?
A: Yes, there are penalties for late or non-filing of Form NYC-2.5, including monetary penalties and interest charges.
Q: Is there a fee for filing Form NYC-2.5?
A: No, there is no fee for filing Form NYC-2.5.
Q: Can I request an extension to file Form NYC-2.5?
A: Yes, you can request an extension to file Form NYC-2.5. The extension must be requested before the original due date of the form.
Instruction Details:
- This 13-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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