Nyc 400 Form PDF Details

In the bustling business landscape of New York City, corporations navigate through a complex web of tax obligations, one of which includes the NYC-400 form - a key document for managing estimated taxes by general corporations. The New York City Department of Finance requires this form from any corporation whose estimated tax for the current year is expected to exceed $1,000, promoting a systematic approach to tax payments. Designed for both the calendar and fiscal years, the NYC-400 form demands precise details such as the taxpayer's name, email address, employer identification number, and specifics about the business. The computation of estimated tax encompasses a declaration for the current year alongside calculated payment amounts, emphasizing the need for accuracy and timeliness to avoid penalties associated with late payments or underestimations. Mailing instructions are clear, directing payments to the NYC Department of Finance, and there's a push towards electronic filing which offers an efficient, secure, and user-friendly option for declarations and payments. The form not only facilitates the estimated tax payment process but also includes provisions for amendments, ensuring that corporations can rectify errors or update their estimates as necessary. With penalties looming for non-compliance, the NYC-400 form stands as a critical tool in the financial management and regulatory compliance of general corporations within New York City.

QuestionAnswer
Form NameNyc 400 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesNew_York, 15th, nyc 400 2019, 9th

Form Preview Example

*30311491*

NEWYORK CITYDEPARTMENT OF FINANCE

TM -400

ESTIMATEDTAXBYGENERALCORPORATIONS

2014

FINANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For CALENDAR YEAR 2014 or FISCAL YEAR beginning _______________, _______ and ending _______________, ________

Print or Type:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name(If combined filer, give name of reporting corporation) See Instructions

Taxpayer’s EmailAddress

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Care of

 

 

 

 

EMPLOYER IDENTIFICATION NUMBER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address (number and street)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City and State

 

 

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS CODE NUMBER AS PER FEDERAL RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business telephone number

 

Person to contact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPUTATION OF ESTIMATED TAX

Payment Amount

A.Payment

Amount included with form - Make payable to: NYC Department of Finance

......A.

 

 

 

 

 

 

 

 

 

 

1.

Declaration of estimated tax for current year

1.

2.

Estimated PaymentAmount

2.

MAILING INSTRUCTIONS:

MAILFORM TO:

NYC DEPARTMENT OF FINANCE GENERAL CORPORATION TAX P.O. BOX 3922

NEW YORK, NY 10008-3922

Make remittance payable to the order of:

NYC DEPARTMENT OF FINANCE

Payment must be made in U.S.dollars, drawn on a U.S. bank.

To receive proper credit, you must enter your correct Employer Identi- ficationNumberonyourdeclaration and remittance.

KEEP A COPY OF THIS FORM FOR YOUR RECORDS. SEE INSTRUCTIONS ON THE REVERSE SIDE.

ELECTRONIC FILING

Registerforelectronicfiling. Itisaneasy,secureandconvenientwaytofileadeclarationandanextensionandpaytaxeson-line.

For more information log on to NYC.GOV/ESERVICES

30311491

NYC-400 2014

Form NYC-400 - 2014 - Instructions

Page 2

 

 

WHOMUSTFILE

Every corporation subject to the NewYork City General CorporationTax (Title 11, Chapter 6, Subchapter 2 of theAdministrative Code) must file a declaration (NYC-400) if its estimated tax for the current year can reasonably be expected to exceed $1,000. The term “esti- matedtax”meanstheamountoftaxthetaxpayerestimatestobeimposedbysection11-603oftheAdministrativeCodelessthesumofthe creditsestimatedtobeallowableagainstthetax. Foragroupfilingacombinedreturn, thisformshouldbefiledbythegroupmemberfil- ing the return and paying the tax.

NOTE:Ifthecurrentyear’staxisreasonablyestimatedtoexceed$1,000,anestimatedpaymentisrequiredevenifthisisthefirstyearofbusi- nessinNewYorkCityforthetaxpayerorthetaxpayerpaidonlytheminimumtaxfortheprecedingyear.Failuretopayorunderpayment ofestimatedtaxinthesecircumstanceswillresultinpenalties.

LINE1 - DECLARATIONOFESTIMATEDTAXFORCURRENTYEAR

Corporationswhosetaxliabilityfortheprecedingyearexceeds$1,000arerequiredtopay,withthetaxreportfortheprecedingyearorwith theapplicationforextensionoftimeforthefilingofsuchreport,25%ofthetaxliabilityfortheprecedingyearasafirstinstallmentofes- timatedtaxforthecurrentyear. Aftertakingcreditforthat25%paymentandfortheamountofanyoverpaymentshownonlastyear’sre- turnwhichthetaxpayerelectedtohaveappliedasacreditagainstthecurrentyear’stax,taxpayersfilingestimatedtaxarerequiredtopay the balance of estimated tax in fractional installments.

ESTIMATEDTAXDUEDATES

Iftherequirementsforfilingestimatedpayments

Filetheformonorbeforethe:

Thebalanceofestimatedtaxisdueasfollows:

arefirstmetduringthetaxableyear:

 

 

 

 

 

Before the first day of the 6th month

15th day of the 6th month

l 1/3 by the 15th day of the 6th month

 

 

l 1/3 by the 15th day of the 9th month

 

 

l 1/3 by the 15th day of the 12th month

 

 

 

On or after the first day of the 6th month and before the

15th day of the 9th month

l 1/2 by the 15th day of the 9th month

first day of the 9th month

 

l 1/2 by the 15th day of the 12th month

 

 

 

On or after the first day of the 9th month and before the

15th day of the 12th month. In lieu of this form,

Pay in full

first day of the 12th month

a completed tax report, with payment of any unpaid

 

 

balance of tax, may be filed on or before the 15th day

 

 

of the 2nd month of the following year.

 

 

 

 

If any of the above dates fall on a Saturday, Sunday or legal holiday, the due date is the next business day.

AMENDMENTS

Anamendedformshouldbefiled,ifnecessary,tocorrectthetaxestimateandrelatedpayments.UsetheNYC-400orNoticeofEstimated TaxPaymentDueformakingamendment. Iftheamendmentismadeafterthe15thdayofthe9thmonthofthetaxableyear,anyincrease in tax must be paid with the amendment.

LATEFILING

IftheNYC-400isfiledafterthetimeprescribedinthechartabove,allinstallmentsofestimatedtaxdueonorbeforesuchtimearepayable at once and the remaining installments are due as if the form were timely filed.

PENALTY

The law imposes penalties for failure to pay or underpayment of estimated tax. (Refer to Section 11-676, Subdivisions 3 and 4 of the Admin-

istrative Code.)

ELECTRONICFILING

Note: Register for electronic filing. It is an easy, secure and convenient way to file and pay an extension on-line.

For more information log on to NYC.gov/eservices

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