Form Ct 5 4 PDF Details

Navigating the complexities of corporate tax obligations in New York can often seem daunting for S Corporations, but understanding the CT-5.4 form can help ease this process significantly. Essentially, the CT-5.4 form serves as a request for a six-month extension to file the New York S Corporation Franchise Tax Return, offering corporations additional time to prepare their financials meticulously. It requires vital information, including the tax period's beginning and end dates, the corporation's Employer Identification Number (EIN), and its legal, trade, and mailing names, in addition to the corporation’s initial date of business in New York for foreign entities. The form emphasizes the meticulous calculation of the estimated franchise tax, incorporating prepayments and specifying the balance due. It also includes comprehensive sections for calculating prepayments of the franchise tax, with spaces dedicated to mandatory and additional installments, along with any overpayment credited from previous periods. To ensure accuracy and compliance, the form concludes with a section for the preparer’s information, underscoring the significance of proper tax preparation. With the CT-5.4, S Corporations in New York State are better equipped to manage their franchise tax responsibilities effectively, avoiding potential penalties associated with late filings, while also maintaining the flexibility to update business information as needed online.

QuestionAnswer
Form NameForm Ct 5 4
Form Length1 pages
Fillable?Yes
Fillable fields51
Avg. time to fill out10 min 27 sec
Other namesny ct 5 4, ny form ct 5 4, ct 5 4, form ct 5 4 2020

Form Preview Example

 

 

Department of Taxation and Finance

 

 

 

 

 

 

CT-5.4

 

 

Request for Six-Month Extension to File

 

 

 

New York S Corporation Franchise Tax Return

All ilers must enter tax period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

beginning

 

 

 

 

ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employer identiication number (EIN)

 

File number

Business telephone number

 

 

 

 

 

 

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal name of corporation

 

 

 

 

Trade name/DBA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mailing name (if different from legal name) and address

 

 

 

State or country of incorporation

Date received

 

 

 

 

 

 

 

 

 

 

(for Tax Department use only)

 

c/o

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and street or PO box

 

 

 

 

Date of incorporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

State

 

ZIP code

 

Foreign corporations: date began

 

 

 

 

 

 

 

 

 

 

business in NYS

 

 

 

 

 

 

 

 

 

 

 

 

Audit use

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you need to update your address or phone information for corporation tax, or other tax types, you can do so online. See Business information in Form CT-1.

File this form to request a six-month extension of time to ile Form CT-3-S.

A.Pay amount shown on line 5. Make payable to: New York State Corporation Tax

Attach your payment here. Detach all check stubs. (See instructions for details.)

A

Payment enclosed

Computation of estimated franchise tax

1 Franchise tax (see instructions).........................................................................................................

2First installment of estimated tax for the next tax year (see instructions) ..........................................

3 Total franchise tax and irst installment (add lines 1 and 2) .................................................................

4 Prepayments of franchise tax (from line 10 below) ............................................................................

5 Balance due (subtract line 4 from line 3 and enter here; enter the payment amount on line A above) .........

1

2

3

4

5

Composition of prepayments – If additional space is needed, enter see attached in this section and enter all relevant prepayment information on a separate sheet. Include all amounts in the total on line 10.

 

 

 

 

 

 

 

Date paid

 

Amount

 

Mandatory irst installment

 

 

 

 

 

 

 

 

6

 

 

6

 

 

 

 

 

7a

Second installment from Form CT-400

 

 

7a

 

 

 

 

 

7b

Third installment from Form CT-400

 

 

7b

 

 

 

 

 

7c

Fourth installment from Form CT-400

 

 

7c

 

 

 

 

 

8

....................................................................Overpayment credited from prior years (see instructions)

 

 

 

8

 

 

9

Overpayment credited from Form CT-

 

 

Period

 

 

 

 

9

 

 

 

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

 

 

 

 

 

10

Total prepayments (add all entries in Amount column)

 

 

 

 

 

 

 

 

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

 

 

 

 

10

 

 

Paid

preparer

use

only

(see instr.)

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

 

 

 

Firm’s EIN

 

 

Preparer’s PTIN or SSN

 

 

 

 

 

 

 

 

 

 

Signature of individual preparing this document

Address

 

City

 

 

State

ZIP code

 

 

 

 

 

 

 

 

 

 

E-mail address of individual preparing this document

 

 

Preparer’s NYTPRIN

or

Excl. code

Date

 

 

 

 

 

 

 

 

 

 

 

See instructions for where to ile.

457001160094

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Include the demanded details in the Computation, of, estimated, franchise, tax Date, paid Amount, Mandatory, i, rst, installment Period, Paid, preparer, use, only see, in, str Firms, name, or, yours, if, self, employed Firms, E, IN Preparer, sPT, IN, or, S, SN Address, City, and State segment.

nys ct 5 4 Computationofestimatedfranchisetax, Datepaid, Amount, Mandatoryirstinstallment, Period, Paid, preparer, useonly, seeinstr, Firmsnameoryoursifselfemployed, FirmsEIN, PreparersPTINorSSN, Address, City, and State blanks to fill

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