Form Tr 579 1 Ct PDF Details

The Tr 579 1 Ct form, developed by the New York State Department of Taxation and Finance, serves a crucial function for Corporation Tax Extensions for the tax year 2021. Specifically designed for Electronic Return Originators (EROs), this document facilitates the electronic funds withdrawal process required for payment of the balance due on e-filed corporation tax extension forms. Such tax forms include a variety for franchise/business taxes, MTA surcharge returns, utility corporation franchise tax returns, and telecommunications tax returns, among others. A key element of the TR-579.1-CT form is that it ensures payments are made seamlessly through approved e-file software, highlighting the role of electronic signatures and the necessity for maintaining records securely for a three-year period. Importantly, the form underscores the authorization given by corporations for the New York State Tax Department and its designated financial agents to initiate withdrawals from specified financial institution accounts, strictly adhering to the provision that all funds originate within the United States to comply with regulations against International ACH Transactions (IAT). With explicit instructions that it should not be mailed to the Tax Department, the form delineates the responsibilities of EROs in detail, including the requirement to keep this authorization for a stipulated period and produce it upon request, thereby ensuring a smooth and compliant process for tax extension payments.

QuestionAnswer
Form NameForm Tr 579 1 Ct
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names Form TR-579.1-CT:8/21:New York State Authorization for Electronic Funds Withdrawal For Tax Year 2021 Corporation Tax Extensions:tr579.1ct

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Department of Taxation and Finance

New York State Authorization for Electronic Funds Withdrawal For Tax Year 2021 Corporation Tax Extensions

TR-579.1-CT

(8/21)

Electronic return originator (ERO): Do not mail this form to the Tax Department. Keep it for your records.

Legal name of corporation

Purpose

This form is for use by EROs only. An ERO must complete this form when both of the following conditions are met:

1the ERO is e-filing one of the following forms:

Form CT-5, Request for Six-Month Extension to File (for franchise/business taxes, MTA surcharge, or both);

Form CT-5.3, Request for Six-Month Extension to File (for combined franchise tax return, or combined MTA surcharge return, or both);

Form CT-5.4, Request for Six-Month Extension to File New York S Corporation Franchise Tax Return;

Form CT-5.6, Request for Three-Month Extension to File Form CT-186 (for utility corporation franchise tax return, MTA surcharge return, or both);

Form CT-5.9, Request for Three-Month Extension to File (for certain Article 9 tax returns, MTA surcharge, or both); or

Form CT-5.9-E, Request for Three-Month Extension to File Form CT-186-E (for telecommunications tax return and utility services tax return); AND

2the balance due on the e-filed corporation tax extension is being paid by electronic funds withdrawal through an approved e-file software package.

Instructions

Complete this form only when you transmit an electronically filed corporation tax extension and payment is being made by electronic funds withdrawal.

Note that an electronic signature can be used as described in TSB-M-20(1)C, (2)I, E-File Authorizations (TR-579 forms) for Taxpayers Using a Paid Preparer for Electronically Filed Tax Returns. Go to our website at www.tax.ny.gov to find this document.

Important: You do not need to complete this form for corporation tax extension requests if no payment is required.

This form does not satisfy the signature requirement for e-filed Form CT-3, CT-3-A, CT-3-M, CT-3-S, CT-13, CT-33, CT-33-A, CT-33-C, CT-33-M, CT-33-NL, CT-183, CT-183-M, CT-184, CT-184-M, CT-186-E, CT-300, or CT-400.

Do not mail this form to the Tax Department. EROs must keep this form for three years and present it to the Tax Department

upon request.

Taxpayer authorization for electronic funds withdrawal for corporation tax extensions

I authorize my ERO to transmit the information necessary for the New York State Tax Department to initiate an electronic funds withdrawal for the amount specified on this form from the financial institution account indicated below. I authorize the New York State Tax Department and its designated financial agents to initiate an electronic funds withdrawal from the financial institution account indicated on this 2021 electronic extension request, and I authorize the financial institution to withdraw the amount from the account. As New York does not support International ACH Transactions (IAT), I attest the source for these funds is within the United States. I understand and agree that I may revoke this authorization for payment only by contacting the Tax Department

no later than two business days prior to the payment date.

Financial institution information (required if electronic payment is authorized)

1 Amount due with extension ..............................................................................................................................

2Financial institution routing number..................................................................................................................

3 Financial institution account number ................................................................................................................

1

2

3

Signature of authorized officer of the corporation

Date

Print your name

Title of officer