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DECLARATION OF ESTIMATED 2023
- 5UBTI UNINCORPORATED BUSINESS TAX
(FOR INDIVIDUALS, ESTATES AND TRUSTS)

For CALENDAR YEAR 2023 beginning ___________________________ and ending ____________________________
First name and initial Last name Name SOCIAL SECURITY NUMBER
Change n
Business name

Business address (number and street) Address BUSINESS CODE NUMBER AS PER FEDERAL RETURN
Print or Type Change n
City and State Zip Code Country (if not US)
ESTATES AND TRUSTS ONLY, ENTER EMPLOYER IDENTIFICATION NUMBER
Business Telephone Number Taxpayer’s Email Address

Payment Amount
A. Payment Amount included with form - Make payable to: NYC Department of Finance...........A.

1. Estimate of 2023 tax............................................................................................................................ 1.

2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE)................................. 2.

Signature of taxpayer _______________________________________________________________________ Title __________________________________________________ Date ______________________
To receive proper credit, you must enter your correct Social Security Number or Employer Identification Number on your declaration and remittance.
DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS

ESTIMATED TAX WORKSHEET
t KEEP THIS PORTION FOR YOUR RECORDS t

1. Net income from business expected in 2023 (see instructions).......................................................................................................... 1.
2. Exemption (see instructions)......................................................................................................................................................................................................... 2.
3. Line 1 less line 2 (estimated taxable business income)..................................................................................................................... 3.
4. Tax - enter 4% of line 3 (see instructions) ..................................................................................................................................................................... 4.
5a. Business Tax Credit (4) (Check applicable box below and enter credit amount)
q Tax on line 4 is $3,400 or less. Your credit is the entire amount of tax on line 4.
q Tax on line 4 is $5,400 or over. No credit is allowed. Enter "0".
q Tax on line 4 is over $3,400 but less than $5,400, use formula for credit amount:
Tax on line 4 x ($5,400 minus tax on line 4) .................................................... 5a.
$2,000
5b. Other credits (see instructions)......................................................................................................... 5b.
5c. Total credits (add lines 5a and 5b) ........................................................................................................................................................................... 5c.
6. Estimated 2023 Unincorporated Business Tax (line 4 less line 5c)
Enter here, on line 7b, and on line 1 of declaration above ............................................................................................................ 6.

7a. 2022 Unincorporated Business Tax..7a. 7b. Estimate of 2023 tax from line 6..7b.
COMPUTATION OF INSTALLMENT -(4 ) Check proper box below and enter amount indicated. Fiscal year taxpayers see instructions.
If this declaration
8. is due on: n April 18, 2023, enter 1/4 of line 7b n Sept. 15, 2023, enter 1/2 of line 7b ...... 8.
n June 15, 2023, enter 1/3 of line 7b n Jan. 16, 2024, enter amount of line 7b }
9. Enter amount of overpayment on 2022 return which you elected to have applied as a credit against 2023 estimated tax ...9.
10. Amount to be paid with this declaration (line 8 less line 9) (PayableNYCto: DEPARTMENT OF FINANCE).........10.
MAILING INSTRUCTIONS
Make remittance payable to the order of: MAIL YOUR DECLARATION FORM TO:
NYC DEPARTMENT OF FINANCE NYC DEPARTMENT OF FINANCE
Payment must be made in U.S. dollars, UNINCORPORATED BUSINESS TAX
drawn on a U.S. bank. P. O. BOX 3923
NEW YORK, NY 10008-3923 NYC-5UBTI 2023

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Form NYC-5UBTI - 2023 - Instructions                                                                                                                                                                                     Page 2

NOTE                                                                                                                                  PENALTIES  
If any due date falls on Saturday, Sunday or legal holiday, filing will be timely if made by                                          The law imposes penalties for failure to make a declaration or pay estimated tax due or for 
the next day which is not a Saturday, Sunday or holiday.                                                                              making a false or fraudulent declaration or certification. 
                                                                                                                                        
PURPOSE OF DECLARATION                                                                                                                FISCAL YEAR TAXPAYERS 
This declaration form provides a means of paying Unincorporated Business Tax on a current                                             A taxpayer filing its Unincorporated Business Tax Return on a fiscal year basis should substi-
basis for individuals, estates and trusts engaged in carrying on an unincorporated business or                                        tute the corresponding fiscal year months for the months specified in the instructions. For ex-
profession, as defined in Section 11-502 of the Administrative Code. Partnerships use Form                                            ample, if the fiscal year begins on April 1, 2023, the Declaration of Estimated Unincorporated 
NYC-5UB               for filing their declarations.                                                                                  Business Tax will be due on July 15, 2023, together with payment of first quarter estimated 
Every unincorporated business must file an income tax return after the close of its taxable year                                      tax. In this case, equal installments will be due on or before September 15, 2023, December 15, 
and pay any balance of tax due. If the tax has been overpaid, adjustment will be made only                                            2023, and April 15, 2024. 
after the return has been filed.                                                                                                       
                                                                                                                                      CHANGES IN INCOME  
WHO MUST MAKE A DECLARATION                                                                                                           Even though on April 14, 2023, you do not expect your unincorporated business tax to exceed 
A 2023 declaration must be made by every individual, estate and trust carrying on an unincor-                                         $3,400, a change in income, allocation or exemption may require that a declaration be filed 
porated business or profession in New York City if its estimated tax (line 6 of tax computation                                       later. In this event the requirements are as follows: 
schedule) can reasonably be expected to exceed $3,400 for the calendar year 2023 (or, in the                                                                                           File            Amount of        Installment  
case of a fiscal year taxpayer, for the fiscal year beginning in 2023).                                                                 If requirement for filing occurs:              declaration by: estimated        payment  
 
WHEN AND WHERE TO FILE DECLARATION                                                                                                                                                                     tax due          dates
You must file the declaration for the calendar year 2023 on or before April 18, 2023, or on the                                            after ............................but before
                                                                                                                                        April 1, 2023  ................June 1, 2023    June 15, 2023   1/3          (1) June 15, 2023 
  applicableMail  yourlaterdeclarationdates specifiedform within theseor withoutinstructions.remittance to:                                                                                                         (2) Sept. 15, 2023 
    NYC Department of Finance                                                                                                                                                                                       (3) Jan. 15, 2024 
    Unincorporated Business Tax                                                                                                         June 1, 2023 ..................Sept. 1, 2023   Sept. 15, 2023  1/2          (1) Sept. 15, 2023 
    P. O. Box 3923                                                               
                                                                                                                                                                                                                    (2) Jan. 15, 2024 
    New York, NY 10008-3923                                                                                                             Sept. 1, 2023..................Jan. 1, 2024    Jan. 16, 2024   100%              None  
Fiscal year taxpayers, read instructions opposite regarding filing dates. 
                                                                                                                                        
HOW TO ESTIMATE UNINCORPORATED BUSINESS TAX The worksheet on the                                                                      If you file your 2023 Unincorporated Business Tax Return by February 15, 2024, and pay the 
front of this form will help you in estimating the tax for 2023.                                                                      full balance of tax due, you need not: (a) file an amended declaration or an original declaration 
                                                                                                                                      otherwise due for the first time on January 16, 2024, or (b) pay the last installment of estimated 
LINE 1 -                                                                                                                              tax otherwise due and payable on January 16, 2024. 
The term “net income from business expected in 2023” means the amount estimated to be the                                              
2023 net income from business, including professions, before the unincorporated business ex-                                          CAUTION 
emption. See Schedule A, line 14 of the 2022 Unincorporated Business Tax Return and related                                           An extension of time to file your federal tax return or New York State personal income tax re-
instructions          (Form NYC-202 or NYC-202EIN).                                                                                   turn does NOT extend the filing date of your New York City tax return. 
                                                                                                                                       
LINE 2 - EXEMPTION                                                                                                                    ELECTRONIC FILING 
For the amount of the allowable exemption, see the instructions for the 2022 Form NYC-202                                             Note: Register for electronic filing.  It is an easy, secure and convenient was to file a declara-
or NYC-202EIN, Schedule A, line 15.                                                                                                   tion and an extension and pay taxes on-line.   
 
LINE 4 - UNINCORPORATED BUSINESS TAX                                                                                                   
If you expect to receive a refund or credit in 2023 of any sales or compensating use tax for                                          For more information log on to  NYC.gov/eservices 
which a credit was claimed in a prior year under Administrative Code Section 11-503(k) (sales                                          
and use tax credit), the amount of the estimated refund or credit must be added to the tax shown                                      NOTE  
on line 4 of the tax computation schedule.                                                                                            Filing a declaration or an amended declaration, or payment of the last installment on January 
                                                                                                                                      15, 2024, or filing a tax return by February 15, 2024, will not satisfy the filing requirements if 
LINE 5b - OTHER CREDITS                                                                                                               you failed to file or pay an estimated tax which was due earlier in the taxable year.   
Enter on line 5b the amount estimated to be the sum of any credits allowable for 2023 under Ad-                                         
ministrative Code Sections 11-503(e) (Real Estate Tax Escalation Credit), 11-503(f) (Employment                                       PRIVACY ACT NOTIFICATION 
Opportunity Relocation Costs Credit), 11-503(i) (Relocation and Employment Assistance Program                                         The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to in-
(REAP) Credit), 11-503(l) (Lower Manhattan REAP Credit) 11-503(n) (Industrial Business Zone                                           form individuals from whom they seek this information as to whether compliance with the request is vol-
Credit) and 11-503(p) (Beer Production Credit).  (For additional details concerning these credits,                                    untary or mandatory, why the request is being made and how the information will be used. The disclosure 
refer to instructions for Forms NYC-114.5, NYC-114.6, NYC-114.8 and NYC-114.12.)                                                      of Social Security Numbers for taxpayers is mandatory and is required by section 11-102.1 of the Admin-
                                                                                                                                      istrative Code of the City of New York. Such numbers disclosed on any report or return are requested for 
Make remittance payable to                  NYC DEPARTMENT OF FINANCE.  All remittances must be                                       tax administration purposes and will be used to facilitate the processing of tax returns and to establish and 
payable in U. S. dollars drawn on a U. S. bank.  Checks                                       drawn on foreign banks will be rejected maintain a uniform system for identifying taxpayers who are or may be subject to taxes administered and 
and returned. A separate check for the declaration will expedite processing of the payment.                                           collected by the Department of Finance, and, as may be required by law, or when the taxpayer gives writ-
                                                                                                                                      ten authorization to the Department of Finance for another department, person, agency or entity to have ac-
AMENDED DECLARATION 
If, after a declaration is filed, the estimated tax increases or decreases because of a change in                                     cess (limited or otherwise) to the information contained in his or her return.
income, deductions, or allocation, you should file an amended declaration on or before the next 
date for payment of an installment of estimated tax.  
 
CHARGE FOR UNDERPAYMENT OF INSTALLMENTS OF ESTIMATED TAX  
A charge is imposed for underpayment of an installment of estimated tax for 2023. For infor-
mation regarding interest rates, call 311.  If calling from outside of the five NYC boroughs, 
please call 212-NEW-YORK (212-639-9675).  The Administrative Code follows provisions 
similar to the Internal Revenue Code with respect to underpayments of estimated tax.  Form 
NYC-221 may be used to determine if any charge for underpayment is due or if any exceptions 
apply.  If it appears that there was an underpayment of any installment of estimated tax, a com-
pleted copy of Form NYC-221 may be attached to the return explaining why an additional 
charge should not be made. 
 
 To receive proper credit, you must enter your correct Social Security Number or Employer Identification Number on your declaration and remittance.

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