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Instructions for Form NYC-2S - 2022 Page 5
1, Change of Business Information. You can obtain SPECIFIC INSTRUCTIONS SCHEDULE A
this form by calling 311. If calling from outside of Computation of Balance Due or Overpayment
the five NYC boroughs, please call 212-NEW- Period Covered
YORK (212-639-9675). You can also logon to File the 2022 return for calendar year 2022 and fiscal LINE 3 – MINIMUM TAX
nyc.gov/finance. years that begin in 2022 and end in 2023. For a fiscal or Enter the amount of New York City Receipts and the
short tax year return, fill in the tax year space at the top of Minimum Tax amount from the following table. You
HOW TO FILL OUT YOUR TAX RETURN the form. The 2022 Form NYC-2S also can be used if: are only eligible to file your Business Corporation
Important identifying information: When preparing Tax return on Form NYC-2S if 100% of your busi-
your corporation tax return, be sure to accurately ● You have a tax year of less than 12 months that
ness income is to be allocated to the City If you are
begins and ends in 2023, and
complete the corporation’s identifying information using this form to file, you must enter the total
(employer identification number (EIN)) including The 2023 Form NYC-2S is not available at the amount of your business receipts, which should be the
the current address. Keep a record of the corpora- ● same as the amount that you would have had to enter
time you are required to file the return.
tion’s identifying information for future use. Check on Schedule F, Part 1, Column A, line 1, or Part 2,
all the boxes on the front of the return that apply. You must show the 2023 tax year on the 2022 Form Column A, line 2a of Form NYC-2 if you had been
NYC-2S and take into account any tax law changes that required to complete that line.
SIGNATURE are effective for tax years beginning after December 31,
This report must be signed by an officer authorized to 2022. TABLE - FIXED DOLLAR MINIMUM TAX
certify that the statements contained herein are true. If For a corporation with New York City receipts of:
the taxpayer is a publicly-traded partnership or anoth- September 11, 2001 Related Benefits
er unincorporated entity taxed as a corporation, this Check the appropriate box on page 1 of this form Not more than $100,000 ......................................$ 25
return must be signed by a person duly authorized to (“Claim any 9/11/01-related federal tax benefits”) if, More than $100,000
act on behalf of the taxpayer. on your federal return: (i) you reported bonus depre- but not over $250,000..........................................$ 75
ciation and/or a first year expense deduction under More than $250,000
TAX PREPARERS IRC §179 for "qualified New York Liberty Zone but not over $500,000........................................$ 175
Anyone who prepares a return for a fee must sign the property," "qualified New York Liberty Zone lease- More than $500,000
return as a paid preparer and enter his or her Social hold improvements," or "qualified Resurgence Zone but not over $1,000,000.....................................$ 500
Security Number or PTIN. (See Finance Memorandum property," regardless of whether you are required to
00-1.) Include the company or corporation name and file form NYC-399Z, or (ii) you replaced property More than $1,000,000
Employer Identification Number, if applicable. involuntarily converted as a result of the attacks on but not over $5,000,000 ...................................$1,500
the World Trade Center during the five (5) year More than $5,000,000
Preparer Authorization: If you want to allow the extended replacement period. You must attach feder-but not over $25,000,000 .................................$3,500
Department of Finance to discuss your return with the al forms 4562, 4684 and 4797 to this return. See More than $25,000,000
paid preparer who signed it, you must check the "Yes"instructions for Schedule B, lines 6 and 9 for more but not over $50,000,000 .................................$5,000
box in the signature area of the return. This authori- information.
zation applies only to the individual whose signature More than $50,000,000
appears in the "Preparer's Use Only" section of your Filing your final return but not over $100,000,000.............................$10,000
return. It does not apply to the firm, if any, shown in Mark an X in the Final return box on page 1 of the More than $100,000,000
that section. By checking the "Yes" box, you are return if the corporation has ceased doing business, but not over $250,000,000.............................$20,000
authorizing the Department of Finance to call the pre- employing capital, or owning or leasing property in More than $250,000,000
parer to answer any questions that may arise during New York City. Do not mark an X in the Final returnbut not over $500,000,000.............................$50,000
the processing of your return. if you are only changing the type of return that you More than $500,000,000
file. Do not mark an X in the Final return box in the but not over $1,000,000,000........................$100,000
Also, you are authorizing the preparer to: case of a merger or consolidation. Include the full Over $1,000,000,000....................................$200,000
profit from any installment sale made in your final tax
● give the Department any information missing year on your final return. Also include on your final Short Periods - Fixed Dollar Minimum Tax Compute
from your return return any remaining profit not yet received from a the New York City receipts for short periods (tax peri-
prior year’s installment sale. ods of less than 12 months) by dividing the amount of
● call the Department for information about the New York City receipts by the number of months in
processing of your return or the status of your S Corporation Termination Year: If an S the short period and multiplying the result by 12.
refund or payment(s), and Corporation is terminating its federal S election on a Once this annualized amount is calculated (do not
● respond to certain notices that you have shared day other than the first day of the tax year, the tax year replace your NYC receipts on Line 3 with this annual-
with the preparer about math errors, offsets, and is divided into two tax periods (an S short year and a C ized amount) use the table above to determine the
return preparation. (These notices will not be short year). The taxpayer must file a GCT or Bank Tax fixed dollar minimum tax based on the annualized
sent to the preparer). return for the S Corporation short year and a Form amount. The resulting fixed dollar minimum tax may
NYC-2, NYC-2S or Form NYC-2A for the C be reduced for short periods as indicated below. Enter
You are not authorizing the preparer to receive any Corporation short year. The due date of the S the reduced amount on line 3 (if applicable).
refund check, bind you to any statement, act or legal Corporation short year return is the same as the C
position (including any additional tax liability), or Corporation short year, even though they are treated asPeriod Reduction
otherwise represent you before the Department. The separate short tax years. See Finance Memorandum
Not more than 6 months......................................50%
authorization cannot be revoked; however, the author- 15-2, “Transitional Filing Provisions for Taxpayers
More than 6 months
ization will automatically expire no later than the dueAffected by Corporate Reform Legislation.” but not more than 9 months ................................25%
date (without regard to any extensions) for filing next
More than 9 months ...........................................None
year's return. Failure to check the box will be deemed Special Condition Codes
a denial of authority. Check the Finance website for applicable special con- LINE 5 - PREPAYMENTS
dition codes. If applicable, enter the two character Enter the sum of all estimated tax payments made for
code in the box provided on the form. this tax period, the payment made with the extension
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