Screen NYNYCGen - New York City General Corporate Tax Return (1120)

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General Information

Special short period return
Enter
X
if this is
not
a final return and the client’s federal return covered a period of less than twelve months as a result of joining or leaving a federal consolidated group or as a result of a federal IRC Section S38 election. If this field is marked, the appropriate checkbox is marked on Form NYC-2, NYC-2S, NYC-3L, NYC-4S, NYC-4S-EZ, NYC-1, NYC-2A, NYC-3A or NYC-1A.

Forms NYC-4S & NYC-2S

Calculate Form NYC-2S (C Corp)
Enter
X
to determine if the client meets the requirements to file Form NYC-2S. If the requirements
are
met, Form NYC-2S automatically prints. If the requirements are
not
met, Form NYC-2 prints.
note
New clients may benefit from the new client option, Calculate Form NYC-2S. Select
Setup
,
1120 Corporation
then
New York
tab, and select the
New Client Options
button. Select the
Calculate Form NYC-2S
checkbox. This option transfers to the city input screen for newly created clients.
Calculate Form NYC-4S (S Corp)
Enter
X
to determine if the client meets the requirements to file Form NYC-4S. If the requirements
are
met, Form NYC-4S automatically prints. If the requirements are
not
met, Form NYC-3L prints.
note
New clients may benefit from the new client option, Calculate Form NYC-4S. Select
Setup
,
1120 Corporation
then
New York
tab, and select the
New Client Options
button. Select the
Calculate Form NYC-4S
checkbox. This option transfers to the city input screen for newly created clients.

EZ Form (S Corp)

Calculate Form NYC-4S-EZ
Enter
X
to determine if the client meets the requirements to file Form NYC-4S-EZ. If the requirements
are
met, Form NYC-4S-EZ automatically prints. If the requirements are
not
met, Form NYC-3L will print.
note
New clients may benefit from the new client option, Calculate Form NYC-4S-EZ. Select
Setup
,
1120 Corporation
,
New York
tab, and select the
New Client Options
button. Select the
Calculate Form NYC-4S-EZ
checkbox. This option transfers to the city input screen for newly created clients.
Don’t treat as an eligible small firm
Enter
X
to not treat the corporation as an eligible small firm. If this field is marked, NYC-3L, Schedule E, F, G, and the Alternative Tax Worksheet will calculate when client is exempt from alternative tax on capital and tax on entire net income plus compensation.

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