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1120S

Hali
Level 1

Should New York 1102S have a tax

 

0 Cheers
4 Comments 4
abctax55
Level 15

New York doesn't recognize S-Corps

HumanKind... Be Both
sjrcpa
Level 15

Actually they do, if you make a NY S election.

NYC does not recognize S Corps.

 

The more I know, the more I don't know.
Terry53029
Level 14
Level 14

@Hali here is a link for you to determine if your client needs to pay NY tax.

https://www.tax.ny.gov/bus/ct/s_corporations_post.htm#:~:text=Federal%20S%20corporations%20that%20ar....

abctax55
Level 15

Ah... that makes sense. Thx Susan

HumanKind... Be Both