The complexities of tax compliance in New York City can be daunting, especially for S Corporations navigating the annual submission of the General Corporation Tax Return, known as the Form NYC-3L for the year 2021. This particular form is a crucial document, designed specifically for S Corporations, outlining their tax responsibilities to the city. Its sections encompass a wide range of information, from basic identification details like business name and address changes to comprehensive financial schedules that calculate the corporation's tax based on various income and capital measures. Each segment of the form—Schedule A through H—meticulously guides taxpayers through the process of computing their tax liabilities, including but not limited to their net income, capital, and receipts. Tax credits, payment summaries, and specific allocations for business conducted both inside and outside New York City are also integral parts of the return. Furthermore, the form addresses the needs of those corporations that have undergone significant changes during the fiscal year, such as final returns for ceased operations or amendments due to federal or state tax adjustments. Given the breadth of information required and the detailed instructions accompanying each section, the correct completion of the NYC-3L form is not only a testament to a corporation’s compliance but also its commitment to contributing to New York City’s fiscal health.
| Question | Answer |
|---|---|
| Form Name | Form Nyc 3L |
| Form Length | 7 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min 45 sec |
| Other names | Current Business Corporation Tax Forms - NYC.gov |
GENERAL CORPORATION TAX RETURN 2021
To be filed by S Corporations only. All C Corporations must file Form
For CALENDAR YEAR 2021 or FISCAL YEAR beginning _______________ 2021 and ending ___________________
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Change |
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In Care Of |
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Address (number and street) |
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Address |
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Change |
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City and State |
Zip Code |
Country (if not US) |
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Business Telephone Number |
Date business began in NYC |
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Taxpayer’s Email Address:
__________________________________________
EMPLOYER IDENTIFICATION NUMBER
BUSINESS CODE NUMBER AS PER FEDERAL RETURN
*30212191*
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n Final return - Check this box if you have ceased operations in NYC |
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APPLY |
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THAT |
n Special short period return (See Instr.) |
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ALL |
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nIRS change |
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CHECK |
If the purpose of the amended return is to report a |
Date of Final |
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federal or state change, check the appropriate box: |
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Determination |
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SCHEDULE A Computation of Tax - BEGIN WITH SCHEDULE B ON PAGE 3. COMPLETE ALL OTHER SCHEDULES. TRANSFER APPLICABLE AMOUNTS TO SCHEDULE A.
A. Payment |
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Amount being paid electronically with this return |
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A. |
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Payment Amount |
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1. |
catednetincrSchedueine |
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1. |
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X .0885 |
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2a. catedcapitarSchedueine |
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2a. |
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X .0015 |
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2b. taacatedcapitaperativeusingrps |
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2b. |
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X .0004 |
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2c. perativesenter |
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BORO |
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3. |
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ternativeaxrternativeaxScheduenpage |
...................................(see instructions) |
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3. |
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nitax |
einstructinsNY rssReceipts |
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catedsubsidiarcapita |
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see instructions |
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X .00075 |
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6. axineabrwhicheveris |
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largest, PLUS ine |
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7. |
Paidredit |
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(attach Form |
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8. |
axafterreditineessine |
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9a. |
Rredit |
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9b. |
Lredit |
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9b. |
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10a. |
ReaateaxatinntOpprtunitRecatinan |
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dIreditsttachrNY |
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10b. |
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10b. |
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10c. |
erPrductinredit |
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(attach Form |
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10c. |
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11. |
Nettaxaftercreditsineess |
ttafinesathrughc |
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12. |
irstinstantfestitedtaxfrperidfwingthat |
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(a) Ifappicatinfrextensinhasbeenfiedenteraunt |
frinefrNY |
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............ |
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(b) Ifappicatinfrextensinhas |
notbeenfiedandineexceeds$enter%fi |
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13. tafinesaandb |
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14. |
PrepantsrPrepantsScheduepageine |
...........................(see instructions) |
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ancedueine |
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16. |
Overpantine |
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essine |
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17a. |
.................................................................Interest (see instructions) |
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17b. |
ditinacharges |
(see instructions) |
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17c. |
Penatfrunderpantfestitedtax |
(attach Form |
17c. |
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18. tafinesabandc |
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19. |
Netverpantineessine |
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19. |
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20. |
untfinetbe |
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(a)Refunded n irectdepsit |
fill out line 20c OR |
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n Paperchec |
20a. |
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(b)reditedtestitedtax |
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20b. |
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20c. Routing Number
Account
Number
ACCOUNT TYPE
Checking n Savings n
21. TOTAL REMITTANCE DUE (see instructions) |
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21. |
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30212191 |
SEE PAGE 7 FOR MAILING INSTRUCTIONS |
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NYL |
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Form
SCHEDULE A - Continued Computation of Tax - BEGIN WITH SCHEDULE B ON PAGE 3. COMPLETE ALL OTHER SCHEDULES. TRANSFER APPLICABLE AMOUNTS TO SCHEDULE A.
22. |
IssuersacatinpercentagerSchedueine |
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22. |
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23. |
NYrentdeductednfederataxreturnrNYrentfrSchedue |
Part |
(See instructions) |
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24. |
rssreceiptsrsaesfrfederareturn |
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25. |
N fParentrpratin |
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26. |
taassetsfrfederareturn |
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27. |
NfnParentrpratin |
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28. |
ensatinfstcdersrSchedine |
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%
COMPOSITION OF PREPAYMENTS SCHEDULE
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PREPAYMENTS CLAIMED ON SCHEDULE A, LINE 14 |
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DATE |
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AMOUNT |
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ndatrfirstinstantpaidwithprecedingarstax |
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PantwithecaratinrNY |
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PantwithNticefitedaxue |
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PantwithNticefitedaxue |
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PantwithextensinrNY |
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Overpantfrprecedingarcreditedtthisar |
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G. TOTAL fthrughnternSchedueine |
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ALTERNATIVE TAX SCHEDULE |
Refer to page 6 of instructions before computing the alternative tax |
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Net income/loss einstructins |
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1. |
$ |
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Enter 100% of salaries and compensation for the taxable year paid to stockholders owning more than 5% of the taxpayer’s stock. (See instr.) |
2. |
$ |
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Totalinepusine |
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3. |
$ |
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Statutory exclusion - Enter $40,000. freturndesntcveranentirearexcusinstbeprrate |
dbasedntheperidcveredbthereturn |
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Net amount inenusine |
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5. |
$ |
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15% of net amount inex% |
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6. |
$ |
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Investment income to be allocated untnSchedueinebx%ntenterreth |
antheauntnineabve |
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ifntappicabe |
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7. |
$ |
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Business income to be allocated inenusine |
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8. |
$ |
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Allocated investment income inexinvestntacatin%frSchedueine |
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9. |
$ |
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Allocated business income inexbusinessacatin%frSchedueine |
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10. |
$ |
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Taxable net incomeinepusine |
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11. |
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Tax rate |
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% |
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Alternative tax ine |
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ransferaunttpage |
Schedueine |
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13. |
$ |
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*30222191* 30222191