Nyc 245 2026

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The document is an Activities Report for Business and General Corporations, specifically for those claiming exemption from New York City's General Corporation Tax or Business Corporation Tax. It outlines the filing requirements, necessary information about the corporation's operations in New York City, and conditions under which corporations must file this report. Additionally, it provides instructions related to tax exemptions, penalties waivers due to COVID-19, and details on refund claims.

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Click ‘Get Form’ to open the NYC 245 in the editor.
Begin by filling in your corporation's name and Employer Identification Number (EIN) at the top of the form. Ensure that all details are accurate to avoid processing delays.
Indicate whether your corporation has ceased operations or if you are claiming an overpayment by checking the appropriate boxes.
Provide the calendar or fiscal year dates for which you are filing, along with your business code number as per your federal return.
Complete Section 1 regarding offices and other places of business in New York City, detailing locations and nature of activities established.
In Section 3, list officers, agents, and representatives in NYC, including their names, addresses, and official titles.
Answer questions in Section 6 regarding property ownership and business activities within New York City. Attach additional schedules if necessary.
Finally, certify the report by signing it as an elected officer of the corporation and include the date before submitting it through our platform.

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Versions	Form popularity	Fillable & printable
2022	4.9 Satisfied (35 Votes)
2021	4.8 Satisfied (118 Votes)
2020	4.4 Satisfied (53 Votes)
2019	4.3 Satisfied (66 Votes)
2018	4.3 Satisfied (84 Votes)
2017	3.7 Satisfied (30 Votes)
2016	4.2 Satisfied (49 Votes)
2015	4 Satisfied (38 Votes)
2014	4 Satisfied (31 Votes)
2012	4 Satisfied (31 Votes)
2011	4.4 Satisfied (70 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the economic nexus threshold for NY income tax?

Economic Nexus Standard Effective for 2022. For tax years beginning on or after January 1, 2022, the Administrative Code now provides that corporations deriving receipts of $1 million or more from New York City sources will be subject to the business corporation tax.

Who is subject to NYC taxes?

People, trusts, and estates must pay the New York City Personal Income Tax if they earn income in the City. The tax is collected by the New York State Department of Taxation and Finance (DTF).

What is the NYC general corporation tax?

The NYC General Corporation Tax (GCT) applies to S-Corporations and certain other entities conducting business, employing capital, owning/ leasing property, or maintaining an office in NYC.

What is NYC form 245?

The purpose of the NYC-245 form is to provide the NYC Department of Finance with information from corporations that claim exemption from the General Corporation Tax. It helps the city assess compliance and accurately track the taxation liabilities of corporations conducting business within its jurisdiction.

Who is subject to NY MTA surcharge?

The MTA (Metropolitan Transportation Authority) tax is a payroll tax imposed on employers and self-employed individuals who operate within the Metropolitan Commuter Transportation District (MCTD) in New York State.

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Who can file NYC 4S?

FILE FORM NYC-4S Corporations (as defined in Section 11- 602.1 of the New York City Administra- tive Code) doing business, employing capital, or owning or leasing property in a corporate or organized capacity, or main- taining an office in New York City must file a General Corporation Tax return.

Who is subject to NYC general corporation tax?

All domestic and foreign S corporations and qualified S subsidiaries in New York City that are: Doing business; Employing capital; Owning or leasing property, in a corporate or organized capacity; or.

Who must file NY MFI?

Every C corporation subject to the New York City Business Corpo- ration Tax (Title 11, Chapter 6, Subchapter 3-A of the Administrative Code) must file Form NYC-300 and pay the Mandatory First In- stallment (MFI) if its tax for the second preceding year exceeded $1,000.

Nyc 245 2026

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