Get Application Forms And Instructions - Nyc.gov

Navigating the Application Forms And Instructions for NYC.gov can be straightforward with the right guidance. This comprehensive guide offers step-by-step instructions tailored to help users complete the Income and Expense Schedule for a Hotel form effectively.

Follow the steps to complete your application form accurately.

1. Press the ‘Get Form’ button to obtain the form and open it in your preferred online document editor.
2. Begin by identifying your property. Fill in the required fields for the borough, block, lot, TC group number, and assessment year. Ensure you answer the yes/no questions accurately and provide additional details if your schedule covers multiple tax lots.
3. Next, specify the current reporting period. Enter the start and end dates for the fiscal year in question, and indicate if there has been a change in accounting basis by selecting either cash or accrual.
4. In the hotel operation section, enter the name of your hotel and fill in the relevant details about hotel management, room types, and occupancy rates. Note any proprietary rights associated with hotel room users.
5. For outside rental tenants, specify the number of units and floor numbers for each type of space (apartments, retail, etc.). Fill in the gross floor area and provide income details as required.
6. Complete the income section by detailing departmental income sources such as rooms, food and beverage, and other services. Sum these amounts in the total operating income field.
7. Document all expenses across various categories by providing comprehensive figures for departmental expenses, undistributed operating expenses, and fixed expenses. Sum all relevant expenses to get total expenses before taxes.
8. Recapitulate your financials by calculating net operating income before real estate taxes and net income after real estate taxes.
9. Provide information about furniture, fixtures, and equipment, including costs and reserves, as well as lease information concerning any land or building leases relevant to your hotel.
10. After filling out the form, review all your entries for accuracy. You can then save changes, download a copy, print the completed form, or share it as needed.

Start completing your Application Forms online now to ensure timely submission.