Get NY DTF CT-247 2020-2022
Revoked and later restored by the Internal Revenue Service IRS must file a new application on Form CT-247. Any exemption granted by the filing of Form CT-247 is strictly for NYS corporation franchise tax. For federal exemption contact the IRS. Any inquiry on the taxable status of an organization must be in writing signed by an officer of the organization and mailed to the address under Mail this application to. Organizations required to file federal Form 1120 may be taxable under Article 9-A and may be required to file Form CT-3 General Business Corporation Franchise Tax Return. When filing Form CT-247 submit all documents granting or denying exemption from tax by the IRS the Promptly report any changes in the corporation s federal tax status to the NYS Tax Department. 4 b 6. You must file Form CT-247 to apply for exemption. Generally a corporation or an organization treated as a corporation must meet all of the following requirements to be tax exempt It must be organized and operated as a not-for-profit organization. It must not have stock shares or certificates for stock or for shares. CT-247 Department of Taxation and Finance A pplication for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Mailing name and address Legal name of corporation Employer identification number EIN 8/15 For office use only c/o Number and street or PO box City State ZIP code NYS principal business activity Date tax exemption claimed from Form of organization mark an X in the appropriate box Business/officer telephone number Corporation Association Date of formation Trust Other For audit use only State or country of incorporation Taxable Exempt Indicate exact name of the law under which the entity was formed general corporation not-for-profit membership etc.. Willfully filing a false application is a misdemeanor punishable under the Tax Law. Authorized person Paid preparer use only see instr. Printed name of authorized person Signature of authorized person E-mail address of authorized person Telephone number Firm s name or yours if self-employed Signature of individual preparing this application Official title Address Firm s EIN Date Preparer s PTIN or SSN Preparer s NYTPRIN or Excl. code Date Page 2 of 2 CT-247 8/15 Instructions General information Certain not-for-profit and religious corporations are exempt from the New York State NYS corporation franchise tax imposed by Tax Law Article 9-A Article 9-A regulations section 1-3. Cite statutory provisions. Federal return filed mark an X in one Form 990 Form 1120 For lines 1 through 7 mark an X in the Yes or No box 1 Is the entity organized and operated as a not-for-profit organization. Yes No 2 Is the entity authorized to issue capital stock If Yes also mark an X in the appropriate box below. Yes Title holding company Collective investment List shareholders 3 Does any part of the net earnings of the organization benefit any officer director or member. Yes 4 Does the entity meet the qualifications for exemption from federal income tax See General information.
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