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Screen NYGen - New York Franchise Tax Return (1120)

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General Information

File number (Force)
The file number is your filer classification code and check digit. Information on how to calculate the check digit can be found in Publication 76, Specifications for Reproduction of New York State Corporation Tax Forms.
Trade name
This name transfers from the federal
Doing business as
 field on Screen 1120 to the New York state form. You can enter a different business/trade name in the field instead.
Address line 1 / 2
The New York State Department of Tax and Finance mandates a limit of 30 characters for the organization mailing address for electronic filing purposes. However, federal data entry allows entry of up to 35 characters. If the entered address for federal purposes exceeds 30 characters, a diagnostic will display and require data entry of the mailing address to be entered in these fields.
Small business eligible for 0% capital base tax rate
The corporation qualifies as a small business taxpayer if:
  • The corporation’s business income is not more than $390,000, and
  • Capital stock and additional paid-in capital is not more than $1,000,000, and
  • The number of New York State employees is not more than 100.
  • The corporation is not part of an affiliated group, as defined in IRC § 1504, unless the group itself would have met the above criteria if it had filed a combined return.
Enter
X
 to indicate this return qualifies as a small business taxpayer.
Taxable DISC
Enter
X
 if the corporation is filing as a taxable DISC.
note
Remember to enter
DISC
 after the corporate name in federal Screen 1120.

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