7341 e-file error
The New York 1120 return gets rejected because the fixed dollar minimum tax amount is incorrect or missing.
Error message
1120 New York Reject Code 7341 Federal or state NY Return Record No 0 Form Occurrence No 0 Field Seq No 0 Form No Page No 1 Reject Code 7341 Path to XML Error Error Category C Rule Number 07341 Severity C Data Value Alternate Reject Code 0 Message Fixed dollar minimum tax amount is incorrect
The
Fixed Dollar Minimum Tax
can't be less than $25 for a full year return. New York S corporations taxable under Article 9-A need to pay the fixed dollar minimum tax imposed under § 210.1(d).This rejection occurs when:
- Line 1c on Form CT-3, Page 3 containsNONE
- The entered value is less than $25
- The field is blank or missing
Solution
- Go to .
- Review line 1c (Fixed Dollar Minimum Tax).
- If the amount showsNONEor less than $25, update line 1c directly in the tax forms. You can't override this field in the Organizer.
- Perform a full recompute, recreate the e-file, and resubmit the return.
