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Is it worth it to be an S corp in NYC?

With an S corp designation, business owners have less-strict tax and tax filing obligations than those businesses using the C corporation status designation. This means that businesses that elect S corporation status arent responsible for quarterly taxes and arent subject to corporate income tax.

What is w2 form used for?

A W-2 tax form shows important information about the income youve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.

What is form nyc 2S?

NYC-2S - Business Corporation Tax Return Short Form.

Do I have to pay NYC taxes if I dont live in NYC?

All city residents income, no matter where it is earned, is subject to New York City personal income tax. Nonresidents of New York City are not liable for New York City personal income tax. The rules regarding New York City domicile are also the same as for New York State domicile.

How do I get my w2 form?

If you do not receive your Form W2 by the end of January, you should contact your Personnel/Payroll Office. In the event you lose your Form W2, or require a duplicate copy you can download a copy from Cal Employee Connect under the W-2 tab. You also can request one from the State Controllers Office.

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