Nyc 245 2026

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The document is an Activities Report for Business and General Corporations that must be filed by corporations claiming exemption from the New York City General Corporation Tax or Business Corporation Tax. It outlines the necessary information required for filing, including corporate details, operational status, and activities conducted in New York City. The report emphasizes that it does not constitute a tax return and provides instructions on filing deadlines and conditions under which corporations are subject to taxation.

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Click ‘Get Form’ to open the NYC 245 in the editor.
Begin by entering your corporation's name and Employer Identification Number (EIN) in the designated fields. Ensure accuracy as this information is crucial for identification.
Indicate whether your corporation has ceased operations by checking the appropriate box. If applicable, provide the refund amount you are claiming.
Fill in the calendar or fiscal year dates relevant to your report. This section helps define the reporting period for your activities.
List all offices and places of business in New York City, including their locations and nature of activity. Be thorough to avoid any discrepancies.
Complete the section regarding officers, agents, and representatives by providing names, addresses, and official titles. Attach a detailed description of their duties if necessary.
Answer all questions regarding property ownership and business activities in New York City accurately. This will determine your tax obligations.
Finally, certify the report by signing it as an elected officer of the corporation before submitting it through our platform for free.

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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.

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.

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 needs to 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.

What is the NYC 245 activities report of business and general corporations?

The NYC Activities Report Form NYC-245 is required for corporations claiming exemption from the General Corporation Tax. This form captures essential information regarding business operations in New York City. Proper filing ensures compliance with NYC financial regulations.

What is the non resident tax form for NYC?

Non-Resident Employees of the City of New York - Form 1127 Most New York City employees living outside of the five boroughs (hired on or after January 4, 1973) must file form NYC-1127.

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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.

Nyc 245 2026

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