Get Form CT-300:12/16:Mandatory First Installment (MFI) Of ...

Who Must File NY CT-3? Taxable DISCs must file Form CT-3 on or before the 15th day of the ninth month after the end of the tax year. Such a DISC is subject to the tax on apportioned capital or the fixed dollar minimum, whichever is larger.

The “second preceding tax year” is the corporate taxpayer's tax year occurring two taxable years prior to the tax year for which the MFI payment is due. A corporate taxpayer that was not required to file a return for the second preceding tax year does not have to make an MFI payment.

Form CT-400, Estimated Tax for Corporations.

Corporations whose tax liability for the second preceding year exceeds $1,000 are required to pay 25% of the tax liability for the second preceding year as a first installment of estimated tax for the current year (MFI).

Form CT-300, Mandatory First Installment (MFI) of Estimated Tax for Corporations.

Use Form CT-400 (or CT-400-MN) to make your second installment/declaration of estimated tax due on the 15th day of the sixth month of the current tax year. The third and fourth installments are due on the 15th day of the ninth and twelfth months of the current tax year.

MTA surcharge – A first installment equal to 25% of the second preceding year's MTA surcharge is also required if your second preceding year's franchise, excise, or gross receipts tax after credits is more than $1,000 and you are subject to the MTA surcharge.

Who Must File NY CT-3? Taxable DISCs must file Form CT-3 on or before the 15th day of the ninth month after the end of the tax year. Such a DISC is subject to the tax on apportioned capital or the fixed dollar minimum, whichever is larger.