Nyc 115 Form – Fill Out and Use This PDF

*60111591*

TM -115	UNINCORPORATED BUSINESS TAX REPORT OF
Department of Finance	CHANGE IN TAXABLE INCOME MADE BY INTERNAL

REVENUE SERVICE AND/OR NEW YORK STATE

DEPARTMENT OF TAXATION AND FINANCE

FOR TAXABLE YEARS BEGINNING PRIOR TO JANUARY 1, 2015

TO BE FILED WITHIN 90 DAYSAFTERAFINAL DETERMINATION

For CALENDAR YEAR _________or FISCAL YEAR beginning ______________________ and ending _______________________

	Name		Name	n
			Change
	In Care of
Type
	Address (number and street)		Address
or
			Change n
Print
	City and State	Zip Code	Country (if not US)
	Telephone Number	Taxpayer’s Email Address

SOCIAL SECURITY NUMBER

PARTNERSHIPS, ESTATESAND TRUSTS ONLY, ENTER EMPLOYER IDENTIFICATION NUMBER

B. Enter date of Final Determination: (3)

nFederal

- -

nNew York State

- -

A.Payment

...............................................................................Amountbeingpaidelectronicallywiththisreturn	A.

Payment Amount

t
SIGN	HERE
	t
PREPARER'S	USE ONLY

Iherebycertifythatthisreturn,includinganyaccompanyingrider,is,tothebestofmyknowledgeandbelief,true,correctandcomplete.

Firm's EmailAddress:

IauthorizetheDept.ofFinancetodiscussthisreturnwiththepreparerlistedbelow.(seeinstructions)....YES n

_________________________________________

Signature of taxpayer:

Title:

Date:

Preparer'sSocialSecurityNumberorPTIN

Preparer's

Preparer’s

signature:

printed name:

Date:

Firm's Employer Identification Number

Check if self- n

employed

Firm's name

s Address

s Zip Code

60111591

NYC-115 - 2015

SCHEDULEA

Explanation of Federal and/or New York StateAdjustments (if additional space is needed, attach schedule)

SCHEDULE B

Computation of Business Tax Credit - page 1, line 4, column C (check one)

*60121591*

nBusiness Tax Credit for 2009 and Later

1.Iftheamountonpage1,line3,ColumnCis$3,400orless,yourcreditonline4istheentireamountoftaxonpage1,line3,ColumnC.

2.If the amount on page 1, line 3, Column C is $5,400 or over, no credit is allowed. Enter “0” on page 1, line 4, Column C.

3.If the amount on page 1, line 3, Column C is over $3,400 but less than $5,400, your credit is computed by the following formula:

	tax on page 1, line 3, Column C X ( $5,400 minus tax on page 1, line 3, Column C ) = ___________
			$2,000						(your credit)
				MAILING INSTRUCTIONS
	Attachcopiesoffederaland/orNewYorkStatechangesandexplanationofitems.			ALLRETURNSEXCEPTREFUNDRETURNS			REMITTANCES		RETURNSCLAIMINGREFUNDS
	Makeremittancepayabletotheorderof NYCDEPARTMENTOFFINANCE			NYC DEPARTMENT OF FINANCE			PAYONLINEWITHFORMNYC-200V		NYC DEPARTMENT OF FINANCE
	PaymentmustbemadeinU.S.dollars,drawnonaU.S.bank.			P.O. BOX 5564			AT NYC.GOV/ESERVICES		P.O. BOX 5563
	Toreceivepropercredit,youmustenteryourcorrectEmployerIdentification			BINGHAMTON, NY 13902-5564			OR		BINGHAMTON, NY 13902-5563
							Mail Payment and Form NYC-200V ONLY to:
	Numberand/orSocialSecurityNumberonyourtaxreturnandremittance.						NYC DEPARTMENT OF FINANCE
							P.O. BOX 3646
	60121591						NEW YORK, NY 10008-3646

GENERAL INFORMATION

(Pursuant to Title 11, Chapter 5 of theAdministrative Code of the City of NewYork)

FortaxableyearsbeginningpriortoJanuary1,2015.

This form is to be used by unincorporated businesses for reporting adjust- mentsintaxableincomeresultingfromanInternalRevenueServiceauditof yourfederalincometaxreturn,and/orNewYorkStateDepartmentofTaxa- tion and Finance audit of your NewYork State income tax return and must be filed within 90 days after a final determinationor as required by the De- partmentofFinance. Itmustbeaccompaniedbytheamountofadditionaltax due. ExplainfederalorNewYorkStateadjustmentsindetailonScheduleA of this form and attach an exact copy of the entire report of federal and/or NewYorkStatefindings. Ifyoudisagreewiththeresultsofafinaldetermi- nationinafederalorStateaudit,completetheformshowingtheamountfrom column 1incolumn3,and attach a schedule showingthe additional tax(or refund)duereportingthechangesinaccordancewiththefinaldetermination andattachastatementexplainingwhyyoubelievetheadjustmentsareerro- neous. Ifnosuchstatementisattached,theamountoftheNewYorkCitytax resultingfromthefederalorStatedeterminationreportedonthisformasdue willbedeemedassessedonthedatethisformisfiled. Thisformistobefiled separately.Donotattachittoanytaxreturn.

Thisformisrequiredifthetaxpayerexecutesawaiverofrestrictions on assessments as provided in IRC section 6213(d) or NYS Tax Law section681(f).

AnamendedNewYorkCityreturnmustbefiledwithin90daysafter filinganamendedfederalorNewYorkStatereturn.

NOTE:

FortaxyearsbeginningonorafterJanuary1,2012,alltaxpayersmust allocateunincorporatedbusinesstaxableincomeusingformulaalloca- tion.Tax year2011 is the last taxable yearin which eligible taxpayers whomadetheone-timeelectiontocontinueusingbooksandrecordsal- locationfortaxyear2005mayusethismethodofallocation.Seesection 11-508(b)and(c)oftheAdministrativeCode. Additionally,fortaxyears beginningbefore2011,amanufacturingbusinessmayelecttocalculate itsallocationpercentageusingafour-factorformulabydoubleweight- ing the receipts factor. SeeAdministrative Code section 11-508 subd. (a),(c),and(g)andinstructionstoformsNYC-204and202.

ChangestotheUnincorporatedBusinessTaxineffectfortaxyearsbe- ginning on or after January 1, 2009, include: single factor allocation usingthereceiptsfactorbeingphasedinoveraten-yearperiod;andan increaseinthecreditfortaxliabilitytoafullcreditforliabilitiesupto $3400andapartialcreditforliabilitiesupto$5400.SeeFinanceMem- orandum09-2“2009LegislativeHighlights”andinstructionstoforms NYC-204and202.

For information regarding depreciation deductions for “qualified property,” “qualified New York Liberty Zone property,” “qualified New York Liberty Zone leasehold improvements” and "qualified ResurgenceZoneproperty"placedinserviceafterSeptember10,2001, seeFinanceMemorandum14-1,“ApplicationofIRC§280FLimitsto SportUtilityVehicles”andFormNYC-399Z.

Forinformationregardingdepreciationdeductionsforpropertyplaced in service outside New York after 1984 and before 1994, see Finance Memorandum99-4“DepreciationforPropertyPlacedinServiceOut- sideNewYorkAfter1984andBefore1994”.

PreparerAuthorization: IfyouwanttoallowtheDepartmentofFinance todiscussyourreturnwiththepaidpreparerwhosignedit,youmustcheck the"yes"boxinthesignatureareaofthereturn.Thisauthorizationapplies onlytotheindividualwhosesignatureappearsinthe"Preparer'sUseOnly" section of your return. It does not apply to the firm, if any, shown in that section. Bycheckingthe"Yes"box,youareauthorizingtheDepartmentof Finance to call the preparer to answer any questions that may arise during theprocessingofyourreturn. Also,youareauthorizingthepreparer to:

lGive the Department any information missing from your return,

lCalltheDepartmentforinformationabouttheprocessingofyourre- turn or the status of your refund or payment(s), and

lRespondtocertainnoticesthatyouhavesharedwiththepreparer about math errors, offsets, and return preparation. The notices will notbe sent to the preparer.

You are not authorizing the preparer to receive any refund check, bind you to anything (including any additional tax liability), or otherwise rep- resent you before the Department. The authorization cannot be revoked, however, the authorization will automatically expireno laterthan the due date(withoutregardtoanyextensions)forfilingnextyear'sreturn. Fail- uretochecktheboxwillbedeemedadenialofauthority.

SPECIFIC INSTRUCTIONS

CALCULATION OFTAX

In ColumnAenter amounts from the latest NewYork City report or final New York City Department of Finance adjustment prior to the filing of this return. If you filed an amended return or if the amounts shown on your original return were changed pursuant to a final Department of Fi- nance adjustment, attach documentation reflecting the New York City changes and a schedule showing your calculations.

If you originally filed Form NYC-202S or NYC-204EZ, enter in Column A the amounts you would have reported if you had filed NYC-202 or NYC-204, respectively.

LINE1

IncolumnAenterthesumoftheamountofthetotalbusinessincomeyou reported on line 1, ScheduleA, Form NYC-202, NYC-202EIN or NYC- 204 as originally filed or previously adjusted and the amount of the total investment income you reported on Schedule A, Form NYC-204, NYC- 202 or NYC-202EIN, as originally filed or previously adjusted.

In column B enter the net reportable changes from line 11 of ScheduleA on page 2 of this form.

In column C add or subtract the amount in column B from columnA.

LINE2

IncolumnAentertheamountoftaxableincomeyoureportedonline16of ScheduleA,FormNYC-202,line16ofScheduleA,FormNYC-202EINor line16ofScheduleA,FormNYC-204asoriginallyfiledorpreviouslyad- justed. IncolumnCenteryourtotaltaxableincome,asrecomputed. Tore- compute your taxable income, start with the amount in line 1, column C and make the adjustments required by Schedule A of Form NYC-202, NYC-202EINorNYC-204. Submitascheduleshowingtheadjustments.

LINES3through8

In column A enter the amount reported on the corresponding lines of Schedule A, Form NYC-202, NYC-202EIN or Form NYC-204 as origi-