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Old 03-07-2008, 08:17 PM
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Will My NY State C-Corporation have to pay any minimum tax if there are no Profits?

Will I have to pay any minimum Corporation Tax for my NY State C Corporation even if my C Corporation has Zero profits, in fact, I seem to have a small loss?



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Old 03-13-2008, 10:16 PM
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What is the minimum NY State C Corporation Tax Liability?

NY State has a rather complicated mechanism to calculate the minimum corporation tax. It is function of a combination of factors such as gross receipts, payroll and total average assets.

However, for your situation, if we assume there are minimum assets, neglible payroll and a tax loss incurred in 2007, then the minimum corporation tax liability would be only $100.

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