Calculate Form NYC-4S
Corporations that don't need to file Form NYC-3L can file Form NYC-4S or NYC-4S-EZ instead. Refer to the form instructions on the NYC DoF website for filing requirements and eligibility for these forms.
Follow these steps to calculate Form NYC-4S instead of Form NYC-3L.
- In the New York return, open the New York City folder.
- On the NYCGen screen, enterXin theCalculate Form NYC-4S (S Corp)field orCalculate Form NYC-4S-EZfield.
- SelectView, thenApportionment.
- In theNew Yorktab, selectMTA, NYC.
- In theNew York Citytab, mark the100% in New York Citycheckbox.
If the other requirements are met based on form instructions, UltraTax CS will calculate the respective form. If the requirements aren't met, UltraTax CS will calculate Form NYC-3L regardless of the field marked.
If a corporation isn't eligible to file Form NYC-4S or NYC-4S-EZ, they may still be exempt from alternative tax on capital and entire net income on Form NYC-3L.
