Get Form Ct-3-s:2012:new York S Corporation Franchise Tax Return:ct3s

This guide offers step-by-step instructions to assist users in completing the Form CT-3-S:2012 for New York S corporation franchise tax returns online. It is designed to be clear and supportive for users with varying levels of experience with tax documents.

Follow the steps to complete your form effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the tax period for which you are filing, specifying the beginning and ending dates. This information is crucial for the correct processing of your return.
3. Provide your Employer Identification Number (EIN) and file number. If you have a business telephone number, include that as well.
4. Fill in the legal name of your corporation, along with any trade name or 'doing business as' (DBA) name. If the mailing name differs from the legal name, specify it in the designated area.
5. Indicate the state or country of incorporation and provide the address details, including the street or P.O. box, city, state, and ZIP code.
6. Provide the NAICS business code number from your federal return. This code helps categorize your business activity.
7. Complete the section concerning the number of shareholders and check if the corporation has revoked its election to be treated as a New York S corporation.
8. Fill out lines 1 through 10, entering the total amounts from federal Form 1120S, Schedule K, making sure to use negative signs for losses appropriately.
9. Enter lines 11 through 21 regarding loans to shareholders and total assets, ensuring accuracy as these figures affect net income calculations.
10. Complete the computations of tax; you must enter an amount on line 22. Follow the instructions carefully to ensure accurate calculations of total tax, credits, and payments.
11. Review all fields for accuracy and completeness before finalizing the form.
12. After ensuring that all the information is correct, save your changes, download, print, or share the form as needed.

Begin filling out your Form CT-3-S online now for a seamless filing experience.