Form Ct 183 PDF Details

Filing taxes and understanding the nuances of tax forms can be a daunting process for any corporation, especially for those involved in transportation and transmission. The CT-183 New York State Department of Taxation and Finance Transportation and Transmission Corporation Final Return Franchise Tax Return on Capital Stock represents a critical document for these specialized entities. Designed for the calendar year 1998, it underscores the legislative adherence dictated by Tax Law—Article 9, Section 183. This form not only captures the essence of a corporation’s fiscal responsibility through details such as employer identification number and legal business names but extends to cover intricate financial facets relating to capital stock, business activities, and applicable tax computations. In essence, it serves as a comprehensive ledger for recording allocated issued capital stocks, computing taxes based on dividend rates, and reconciling net worth with total liabilities. Additionally, entities must pay keen attention to the inclusion of schedules relevant to their business operations and potential claims for overpayments. This form, therefore, acts as a cornerstone for corporations to accurately report and remit their franchise taxes, ensuring compliance with New York State’s taxation laws.

QuestionAnswer
Form NameForm Ct 183
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesCT-183, 1998, prepayments, New_York

Form Preview Example

 

 

 

 

 

 

 

CT-183

New York State Department of Taxation and Finance

 

 

 

 

 

 

 

 

 

Transportation and Transmission Corporation

 

 

 

 

 

 

 

 

 

Final Return

Franchise Tax Return on Capital Stock

 

 

 

 

 

 

 

 

 

(see procedure in instr.)

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Law — Article 9, Section 183

 

 

 

For calendar year 1998

Employer identification number

 

 

 

 

 

 

File number

 

 

 

Check box if

For office use only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

overpayment claimed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal name of corporation

 

 

 

 

 

 

Trade name / DBA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

nameMailing addressand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date received

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mailing name (if different from legal name) and address

 

 

 

 

 

 

State or country of incorporation

 

 

 

c / o

 

 

 

 

 

 

 

 

 

 

PLACE LABEL HERE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and street or PO box

 

 

 

 

 

 

 

 

 

 

 

Date of incorporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

 

 

 

State

 

ZIP code

 

 

 

Foreign corporations: date began

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

business in NYS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Audit use

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If address above is new,

 

If your name, employer identification number, address, or owner / officer information has changed,

Business telephone number

 

 

check box (see

 

you must file Form DTF-95(see instructions). If you need Form DTF-95, call 1 800 462-8100 to

(

 

)

 

 

 

instructions)

 

request one. From areas outside the U.S. and outside Canada, call (518) 485-6800.

 

 

 

 

 

Business activity code number (from federal return;

NAICS

Principal business activity

 

 

 

 

 

 

 

see instructions)

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal return was filed on: 1120 1120S

consolidated basis other

 

 

Do you do business, employ capital, own or lease property or maintain an office in

 

. . . . . . . . . .the Metropolitan Commuter Transportation District?

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . .

Yes

No

 

If you answered Yes, you must file Form CT-183-M(see instructions).

 

 

 

 

 

 

 

A. Payment — pay amount shown on line 11. Make check payable to: New York State Corporation Tax

 

 

 

Payment enclosed

 

. . . . . . Attach your payment here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Computation (see Form CT-183/184-I, Instructions for Forms CT-183 and CT-184, for assistance)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Tax on allocated issued capital stock from line 56 . . .

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

1

 

 

2

Tax based on dividend rate, from line 75 or line 78, whichever applies

. . . . . . . . . . . . . . . . . . . . . . .

 

2

 

 

3

Minimum tax

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

3

 

 

75

00

4

Tax (amount from line 1, 2 or 3, whichever is largest)

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

4

 

 

5

Tax credits: Check forms filed and attach forms

CT-40

CT-41

CT-43 (see instructions)

 

5

 

 

 

 

 

 

 

 

 

6

Total tax after credits (subtract line 5 from line 4)

 

 

 

 

6

 

 

 

 

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

7

Total prepayments (from line 82)

 

 

 

 

7

 

 

 

 

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

8

. . . . . . . . . .Balance (if line 7 is less than line 6, subtract line 7 from line 6)

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

8

 

 

 

 

9

Interest on late payment (see instructions)

 

 

 

 

9

 

 

 

 

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

10

Late filing and late payment penalties(see instructions)

 

 

 

 

10

 

 

 

 

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

11

Balance due (add lines 8, 9, and 10; enter payment on line A above)

 

 

 

11

 

 

 

 

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

12

Overpayment (if line 6 is less than line 7, subtract line 6 from line 7)

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

12

 

 

 

 

13

Amount of overpayment to be credited to the next period

 

 

 

13

 

 

 

 

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

14

Balance of overpayment (subtract line 13 from line 12)

 

 

 

 

14

 

 

 

 

. . . . . . . . . . . . . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

15

Amount of overpayment to be credited to Form CT-183-M

 

 

 

15

 

 

 

 

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

16

.Amount of overpayment to be refunded (subtract line 15 from line 14)

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

 

16

 

 

 

 

Certification. I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete.

Signature of elected officer or authorized person

Official title

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PaidPreparer

 

Firm’s name (or yours if self-employed)

 

ID number

Date

UseOnly

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

Signature of individual preparing this return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It may also be necessary for you to file Form CT-184,Transportation and Transmission Corporation Franchise Tax Return on Gross Earnings.

Mail your return on or before March 15, 1999 to: NYS CORPORATION TAX, PROCESSING UNIT, PO BOX 22038, ALBANY NY 12201-2038.

Page 2 CT-183 (1998)

Schedule A — Allocation Percentage/Issuer’s Allocation Percentage

(if no allocation is claimed, enter 100% on line 24 or 26; see instructions)

 

 

Average Value for the Year 1998

 

 

 

 

Part I — Allocation for General Transportation and Transmission Corporations

A

B

New York

Everywhere

 

 

 

 

 

 

17 Accounts receivable

17

 

 

18Shares of stock of other companies owned (attach list showing corporate

 

name, shares held and actual value)

18

 

 

 

 

19

Bonds, loans and other securities, other than U.S. obligations

19

 

 

 

 

20

Leaseholds

20

 

 

 

 

21

Real estate owned

21

 

 

 

 

22

All other assets (except cash and investments in U.S. obligations)

22

 

 

 

 

23

Total (add lines 17 through 22)

23

 

24

Allocation percentage (divide line 23, column A by column B)

24

 

 

%

 

 

 

 

 

 

 

 

 

 

Part II — Allocation Percentage/Issuer’s Allocation Percentage for Corporations

 

A

 

B

 

Operating Vessels Not Exclusively Engaged in Foreign Commerce

 

 

New York

 

 

 

(see instructions)

 

 

Territorial Waters

 

Everywhere

25

Aggregate number of working days

25

 

 

 

 

26

Allocation percentage (divide line 25, column A by column B)

26

 

 

%

 

 

 

 

Schedule B — Assets and Liabilities

 

 

 

 

As of 12/31/98

 

 

 

 

 

 

 

 

27

Total assets

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

27

 

28

Total liabilities

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

28

 

29

Net worth (subtract line 28 from line 27; enter here and on line 53)

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

29

 

30

Capital stock — preferred stock

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

30

 

 

31

Capital stock — common stock

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

31

 

 

32

Paid-in capital in excess of par or stated value

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

32

 

 

33

Retained earnings (appropriated or unappropriated)

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

33

 

 

34

Add lines 28, 30, 31, 32, and 33

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

34

 

 

35

Cost of treasury stock

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

35

 

 

36

Total liabilities and capital (subtract line 35 from line 34)

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

36

 

 

 

 

 

 

 

 

Schedule C — Reconciliation of Retained Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37

Balance beginning of year

37

 

 

 

 

 

38

Net income (attach profit and loss statement)

38

 

 

 

 

 

39

Other additions (explain)

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39

 

 

 

 

 

40

Total (add lines 37, 38, and 39)

 

 

40

 

 

41

Dividends

41

 

 

 

 

42

Other deductions (explain)

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42

 

 

 

 

 

43

Total dividends and other deductions (add lines 41 and 42)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

43

 

 

44

Balance at end of year (subtract line 43 from line 40)

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

44

 

 

45Did this corporation purchase any of its capital stock during the year?

Yes

No

If Yes, attach a separate sheet showing number and kinds of shares, consideration received for the issuances of the shares and purchase price of each share.

 

 

 

 

 

 

 

 

 

 

CT-183 (1998) Page 3

Schedule D — Computation of Tax Based on the Net Value of Issued Capital Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

B

C

D

 

E

F

G

 

 

Number of

 

 

 

 

Selling Price During Year

Average

 

 

 

Class of

Shares as of

Par

Amount Paid in

 

 

 

 

Selling

Net Value

Stock

12/31/98

Value

on Each Share

High

 

Low

Price

(column B x column F)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No par value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

46 Total

 

 

 

 

 

 

 

 

 

Total net value

 

 

47Multiply issued shares of stock on line 46, column B, by the net value per share

 

of stock outstanding at the end of the year, but not less than $5.00 per share . .

47

 

 

48

Taxable base (multiply line 47 by

 

%, from line 24 or 26)

48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

49

Tax (multiply line 48

by .0015 (112 mills))

. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

 

 

49

 

50

Net value of issued capital stock (from line 46, column G)

50

 

 

 

 

51

Taxable base (multiply line 50 by

 

%, from line 24 or 26)

51

 

 

 

 

 

52

Tax (multiply line 51

by .0015 (112 mills))

. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

 

52

 

53

Net worth (year-end assets minus year-end liabilities; from line 29)

53

 

 

 

 

54

Taxable base (multiply line 53 by

 

%, from line 24 or 26)

54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

55

Tax (multiply line 54

by .0015 (112 mills))

55

56Tax on allocated issued capital stock (amount from line 49, 52, or 55, whichever is largest; enter here

and on line 1)

56

Schedule E — Computation of Tax if Dividend Rate is 6% or More on Some or All Classes of Capital Stock. All corporations except those operating vessels in foreign commerce complete Parts I and II. Corporations operating vessels in foreign commerce complete Parts III and IV.

Part I — Tax Rate Computation Based on Dividends Paid During the Year

 

A

B

 

C

D

 

E

 

 

Value of

 

 

 

 

Tax Rate Computation - If column D is 6% or more,

 

Class

Stock on Which

 

 

 

Dividend

multiply each percent, including fractions of a percent,

 

of

Dividends

 

Dividends

Rate

in column D by .000375 (3/8 of a mill). Do not convert

 

Stock

Were Paid

 

Paid

C 4 B

the percentage amount in column D to a decimal.

57

Common

 

 

 

 

%

Enter tax rate here

 

and on line 63

 

 

 

 

 

 

 

 

 

 

58

Preferred

 

 

 

 

%

Enter tax rate here

 

and on line 66

 

 

 

 

 

 

 

 

 

 

59

No par value

 

 

 

 

%

Enter tax rate here

 

and on line 69

 

 

 

 

 

 

 

 

 

 

60

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part II — Tax Computation (see instructions)

61

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Par value common stock (line 57, column B)

61

 

 

 

 

 

62

Taxable base (multiply line 61 by

 

%, from line 24)

62

 

 

 

 

 

63

Tax (multiply line 62 by

 

tax rate, from line 57, column E)

 

 

 

63

 

64

Par value preferred stock (line 58, column B)

64

 

 

 

 

 

65

Taxable base (multiply line 64 by

 

%, from line 24)

65

 

 

 

 

 

66

Tax (multiply line 65 by

 

tax rate, from line 58, column E)

 

 

 

66

 

67

Amount paid in on no par value stocks (line 59, column B)

67

 

 

 

 

 

68

Taxable base (multiply line 67 by

 

%, from line 24)

68

 

 

 

 

 

69

Tax (multiply line 68 by

 

. . . . . . . . . . . . . .tax rate, from line 59, column E)

 

 

 

69

 

70

Total value of stockholder’s equity

70

 

 

 

 

 

71

Capital subject to tax on dividends (add lines 61, 64, and 67)

71

 

 

 

 

 

72

. . . . . . . . . . . . . . . . .Capital not previously taxed (subtract line 71 from line 70)

72

 

 

 

 

 

73

Taxable base (multiply line 72 by

 

%, from line 24)

73

 

 

 

 

 

74

 

1 2

 

 

 

 

 

74

 

Tax (multiply line 73 by .0015 (1 ⁄ mills)) . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . .

. . . . . . . . . . . . . . . . . . . . . . . .

. .

 

 

 

75

. .Tax on allocated issued capital stock using dividend rates (add lines 63, 66, 69, and 74; enter here and on line 2)

75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 4 CT-183 (1998)

Part III — Tax Rate Computation Based on Dividends Paid During the Year

A

B

C

 

 

D

 

 

 

 

 

 

Tax Rate Computation - If column C is 6% or

Paid-In Capital

Dividends Paid

Dividend Rate

 

more, multiply the percent in column C

 

 

 

 

B 4 A

 

by .000375 (38 of a mill)

76

 

 

 

 

%

Enter tax rate here

 

and on line 78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part IV — Tax Computation

77

Taxable base (multiply line 76, column A by

 

%, from line 26)

78

Tax (multiply line 77 by

 

the tax rate, from line 76, column D; enter here and on line 2)

77

78

Schedule F — Composition of Prepayments on Line 7

79 Payments with extension Form CT-5.9, line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

80 Credit from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

81 Credit from Form CT-183-M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82 Add lines 79, 80, and 81; enter here and on line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 183 amount

79

80

81

82