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  • Ny It-203-s-att 2022

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IT203SATT (2023) Page 1 of 3 Legal name of S corporationSpecial NYS identification numberNonresident shareholders qualifying and participating in New York State group return (use as many Forms IT203SATT.

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IT-203-S-ATT (2023) - Tax.NY.gov - New York State
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A business can register as an "S corporation" for filing New York State taxes. The filing allows individual shareholders to report corporate income on their own tax returns. All shareholders must agree to file.

Please note that New York City does not have an S corporation election and does not recognize a New York State S corporation election.

For S-corporations, the FDM tax is based on the corporation's New York State receipts and is as follows: $25 – Receipts not exceeding $100,000. $50 – Receipts exceeding $100,000 but not more than $250,000. $175 – Receipts exceeding $250,000 but not more than $500,000.

With an S corp designation, business owners have less-strict tax and tax filing obligations than those businesses using the C corporation status designation. This means that businesses that elect S corporation status aren't responsible for quarterly taxes and aren't subject to corporate income tax.

New York Resident, Nonresident, and Part-Year Resident Itemized Deductions. Used by nonresident and part-year resident (Form IT-203) filers who need to report other New York State or New York City taxes, and tax credits other than those reported directly on Form IT-203.

Some jurisdictions—the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas—do not recognize the federal S corporation election and, for the most part, tax S corporations like other business corporations.

For example, in New York City, an S-corp would be subject to the city's 8.85% business tax, on top of state and federal taxes.

Paying tax if you do not make the New York S election Federal S corporations that are not qualified or do not make a New York S election pay the same corporate franchise taxes as C corporations. Tax credits are applied against the corporation's tax liability and do not flow-through to shareholders.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232