New York Election or Revocation of Election By Railroad and Trucking Corporations To Be Taxable Under Article 9

Election or Revocation of Election By Railroad and Trucking Corporations To Be Taxable Under Article 9
Form CT-187:12/16:Election or Revocation of Election by Railroad and Trucking Corporations To Be Taxable Under Article 9:ct187Department of Taxation and Finance

Election or Revocation of Election
By Railroad and Trucking Corporations
To Be Taxable Under Article 9
Employer identification number

File number

(12/16)

Business telephone number

( )

Legal name of corporation

Mailing name (if different from legal name above)

CT-187

Trade name/DBA

State or country of incorporation

c/o
Number and street or PO box

Date of incorporation

State
ZIP code
City

Foreign corporations: date began
business in NYS

Date received (for Tax Department use only)

Audit (for Tax Department use only)

If you need to update your address or phone information for corporation tax, or other tax
types, you can do so online. See Business information in Form CT-1.

Election (see instructions)
I certify that I am an authorized person of the corporation named above. On behalf of the corporation, I elect that it be subject to
Tax Law, Article 9, sections 183 and 184 for and subsequent years. This election will remain in effect until
(year)
revoked.
Authorized
person

Printed name of authorized person

Signature of authorized person

Official title

E-mail address of authorized person

Telephone number
(
)

Date

Revocation of election (complete this section to revoke a previously made election)

I certify that I am an authorized person of the corporation named above. On behalf of the corporation, I revoke the election to
be subject to Tax Law, Article 9, sections 183 and 184 made for the corporation on
. I understand that by
making this revocation, the corporation will become subject to Tax Law, Article 9-A, Franchise Tax on Business Corporations.
I also understand that this revocation is permanent.
Authorized
person

Printed name of authorized person

Signature of authorized person

E-mail address of authorized person

General information

Telephone number
(
)

Date

Instructions

Railroad and trucking corporations include corporations, joint-stock
companies, limited liability companies, publicly traded partnerships
that are taxed as corporations under the Internal Revenue Code,
and associations formed for, or principally engaged in, the conduct
of a railroad, palace car, sleeping car, or trucking business, or
formed for, or principally engaged in, the conduct of two or more
such businesses.
Railroad and trucking corporations are subject to tax under
Article 9-A, unless they elect to be taxed under Article 9,
sections 183 and 184. For more information, see Filing requirements
for railroad and trucking corporations in Form CT-183/184-I,
Instructions for Forms CT-183 and CT-184, or see TSB-M-97(8)C,
Railroad and Trucking Corporations Subject to Tax under Article 9,
9-A or 32 of the Tax Law.

Election

Official title

To be taxed under Article 9, sections 183 and 184, mark an X in the
box and complete the Election section. To be taxed under Article 9,
sections 183 and 184, you must file Form CT-187 no later than the
due date (without extensions) of the first return that would be due
under Article 9, section 183 or 184; or Article 9-A. This election will
remain in effect until revoked by the taxpayer.

Revocation of election

To revoke an election, mark an X in the box and complete the
Revocation of election section. You must file Form CT-187 by
April 15 of the first year your corporation is not to be taxed under
Article 9. If April 15 falls on a Saturday, Sunday, or legal holiday,
the revocation is due on the next business day. The revocation will
be effective as of January 1 of that year. A revocation filed after the
due date will take effect the following January 1. This revocation is
permanent; once you revoke an election, you may not later elect
again to be taxed under Article 9, sections 183 and 184.

Where to mail

NYS TAX DEPARTMENT
CORPORATION TAX ACCOUNT RESOLUTION
W A HARRIMAN CAMPUS
ALBANY NY 12227-0852

Private delivery services
See Publication 55, Designated Private Delivery Services.

Need help? and Privacy notification

See Form CT-1, Supplement to Corporation Tax Instructions.

Extracted from PDF file 2023-new-york-form-ct-187.pdf, last modified September 2016

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More about the New York Form CT-187 Corporate Income Tax Estimated TY 2023

We last updated the Election or Revocation of Election By Railroad and Trucking Corporations To Be Taxable Under Article 9 in February 2024, so this is the latest version of Form CT-187, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-187 directly from TaxFormFinder. You can print other New York tax forms here.

Other New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

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Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-187 from the Department of Taxation and Finance in February 2024.

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Form CT-187 is a New York Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-187

We have a total of thirteen past-year versions of Form CT-187 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form CT-187