Welcome Guest. Register Now!  


New York NY


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-25-2009, 11:48 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Which S Corporations are exempt from paying the New York fixed dollar minimum tax?

Per New york State Department of Taxation, "a domestic corporation that is no longer doing business, employing capital, or owning or leasing property in New York State is exempt from the fixed dollar minimum tax for years following its final tax year and is no longer required to file a franchise tax return provided it meets the requirements listed in TSB-M-06(5)C, Certain Domestic Business Corporations Exempt from the Article 9-A Fixed Dollar Minimum Tax."

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Fixed Income rjurasinb1 Social Security 2 07-27-2012 10:22 PM
Is purchasing a Split Dollar Life Insurance policy a good idea for my business? obrien Life Insurance 0 01-21-2009 11:29 AM
No Fixed Address angeskye Miscellaneous 2 03-01-2008 08:19 AM
What is the minimum California Franchise Tax for S Corporations in 2007? andri C-Corporation 1 02-29-2008 10:12 AM
Paying individuals outside of US yaman Limited Liability Company 0 02-23-2008 03:07 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.