Question

NY State Corporate Taxes

Forum|Forum|4 years ago
April 10, 2022
1 reply
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We formed our NY-based PC in Dec 2021. It has not had any revenues or expenses in 2021. We will make a Corporation filing. However, do we need to file NY state taxes as well?

TurboTax Business Windows

E

ErnieS0

Yes you will may to file a New York return. If your business is incorporated in New York State or does business or participates in certain other activities in New York State, you may have to file an annual New York State corporation tax return to pay a franchise tax under the New York State Tax Law.

Corporation tax

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