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Level 1
December 7, 2019
Solved

NYCity Tax Returns - what form to use

  • December 7, 2019
  • 1 reply
  • 14 views

I have a NYC client who files a Federal and NYS S corp return.  There is no taxable income - it all flows to K-1.  What NYC form numbers do I use for CITY taxes  in 2015, 2016, and 2017?  Thanks in advance.  Kathy

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Best answer by Accountant-Man

NYC corporation. NYC taxes the income since there is no passthrough, so NYC resident pays double tax.

1 reply

Accountant-Man
Level 13
December 7, 2019

NYC corporation. NYC taxes the income since there is no passthrough, so NYC resident pays double tax.

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