Get Form Ct-6.1: April 1999, Termination Of Election To Be Treated As A ... - Tax Ny

Filling out Form CT-6.1 is an important step for corporations that wish to terminate their status as New York S corporations. This guide will help users navigate the form's sections clearly and concisely, ensuring all necessary information is provided correctly.

Follow the steps to effectively complete the form online.

1. Click the ‘Get Form’ button to obtain the form and open it in your document editor.
2. Begin by entering the employer identification number in the designated field at the top of the form.
3. Input the legal name of the corporation as it appears in state records. If applicable, include the trade name in the 'DBA or trade name' section.
4. Provide the complete mailing address of the corporation, ensuring all sections like number, street or PO Box, city, state, and ZIP code are filled in accurately.
5. Indicate the effective date of termination as instructed. This is crucial for tax purposes.
6. Select the reason for termination by checking the appropriate box: termination of federal S election, revocation by shareholders owning more than 50 percent, or new shareholder refusal.
7. If applicable, ensure all revoking shareholders complete the Shareholder Individual Affirmation section, providing their names, addresses, social security numbers or employer identification numbers, stock ownership details, and signatures.
8. Every shareholder must sign where indicated, certifying that the information is true and complete.
9. Complete the Certification section, ensuring the elected officer or an authorized person signs and provides their title, firm’s name, address, date, ID number, and telephone number.
10. Once all sections are completed and reviewed, save the changes, and prepare to download, print, or share the form as needed.

Complete your Form CT-6.1 online today to ensure a smooth termination of your S corporation election.