Pay Franchise Taxes

Pay Franchise Taxes

Pay Franchise Tax in the State of New York using this online service!

If your business is incorporated in New York State or does business or participates in certain other activities in New York State, you may have to file an annual New York State corporation tax return to pay a franchise tax under the New York State Tax Law.

FAQs

Who needs to file and pay franchise taxes in the State of New York?

You must file and pay the franchise tax on general business corporations if:

  • you are a domestic corporation (incorporated in New York State); or
  • you are a foreign corporation (incorporated outside New York State)  that does business, employs capital, owns or leases property, maintains  an office, or derives receipts from activity, in New York State; or
  • you are a foreign corporation that is a general partner in a  partnership that does business, employs capital, owns or leases  property, maintains an office, or derives receipts from activity, in New  York State; or
  • you are a foreign corporation that is a limited partner in a  partnership that does business, employs capital, owns or leases  property, maintains an office, or derives receipts from activity, in New  York State and you are engaged directly or indirectly, in the  participation or in the domination or control of all or any portion of  the business activities or affairs of the partnership.

When considering the last 2 bullets above, an LLC or LLP that is  treated as a partnership for federal income tax purposes will be treated  as a partnership for New York State tax purposes. Corporations  engaged in a unitary business with another corporation(s) should see  Form CT-3-A-I, page 4, “Who must file a combined return” for information concerning the combined return filing requirements.

What are the corporation franchise tax filing requirements for a Not-for-Profit corporation in New York State?

Certain not-for-profit and religious corporations are exempt from the New York State corporation franchise tax imposed by Article 9-A of the Tax Law (section 1-3.4 (b) (6) of the Article 9A regulations). You must file Form CT-247, Application for Exemption from Corporation Franchise Taxes by a Not-For-Profit Organization to apply for exemption.

Not-for-profit, nonstock  organizations that are subject to federal tax on unrelated business  income are taxable under Article 13 of the New York State Tax Law, if  they pursue those unrelated business activities in New York State. File Form CT-13, Unrelated Business Income Tax Return, to report those activities.

Organizations required to file federal Form 1120 may be taxable under Article 9-A of the Tax Law and may be required to file Form CT-3, General Business Corporation Franchise Tax Return.

When to file Franchise tax returns in the State of New York?

The due dates for filing Franchise taxes in New York State depends on the type of filer:

  • Calendar year: On or before April 15
  • Fiscal year: Within 3 ½ months after end of reporting period    

If your due date falls on a Saturday, Sunday, or legal holiday, you may file your return on or before the next business day.

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Pay Franchise Taxes

Pay Franchise Taxes

Pay Franchise Tax in the State of New York using this online service!

If your business is incorporated in New York State or does business or participates in certain other activities in New York State, you may have to file an annual New York State corporation tax return to pay a franchise tax under the New York State Tax Law.

FAQs

Who needs to file and pay franchise taxes in the State of New York?

You must file and pay the franchise tax on general business corporations if:

  • you are a domestic corporation (incorporated in New York State); or
  • you are a foreign corporation (incorporated outside New York State)  that does business, employs capital, owns or leases property, maintains  an office, or derives receipts from activity, in New York State; or
  • you are a foreign corporation that is a general partner in a  partnership that does business, employs capital, owns or leases  property, maintains an office, or derives receipts from activity, in New  York State; or
  • you are a foreign corporation that is a limited partner in a  partnership that does business, employs capital, owns or leases  property, maintains an office, or derives receipts from activity, in New  York State and you are engaged directly or indirectly, in the  participation or in the domination or control of all or any portion of  the business activities or affairs of the partnership.

When considering the last 2 bullets above, an LLC or LLP that is  treated as a partnership for federal income tax purposes will be treated  as a partnership for New York State tax purposes. Corporations  engaged in a unitary business with another corporation(s) should see  Form CT-3-A-I, page 4, “Who must file a combined return” for information concerning the combined return filing requirements.

What are the corporation franchise tax filing requirements for a Not-for-Profit corporation in New York State?

Certain not-for-profit and religious corporations are exempt from the New York State corporation franchise tax imposed by Article 9-A of the Tax Law (section 1-3.4 (b) (6) of the Article 9A regulations). You must file Form CT-247, Application for Exemption from Corporation Franchise Taxes by a Not-For-Profit Organization to apply for exemption.

Not-for-profit, nonstock  organizations that are subject to federal tax on unrelated business  income are taxable under Article 13 of the New York State Tax Law, if  they pursue those unrelated business activities in New York State. File Form CT-13, Unrelated Business Income Tax Return, to report those activities.

Organizations required to file federal Form 1120 may be taxable under Article 9-A of the Tax Law and may be required to file Form CT-3, General Business Corporation Franchise Tax Return.

When to file Franchise tax returns in the State of New York?

The due dates for filing Franchise taxes in New York State depends on the type of filer:

  • Calendar year: On or before April 15
  • Fiscal year: Within 3 ½ months after end of reporting period    

If your due date falls on a Saturday, Sunday, or legal holiday, you may file your return on or before the next business day.

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