New York New York Bank S Corporation Franchise Tax Return

New York Bank S Corporation Franchise Tax Return
Form CT-32-S:2014:New York Bank S Corporation Franchise Tax Return:CT32S
Important
Effective for tax years beginning on or after January 1, 2015, Article 32 of the Tax Law is
repealed. Corporations that were previously taxable under Article 32 are now subject to tax
under Article 9-A of the Tax Law.
As a result, corporations previously taxable under Article 32 will no longer file Form(s) CT-32,
CT-32-A, CT-32-M, and CT-32-S to report for tax periods beginning on or after this date.
For tax years beginning in 2015, including short periods, all corporations subject to tax under
Article 9-A (including former Article 32 taxpayers) must file using the following forms, as
applicable:
•
•
•
•

2015 Form CT-3, General Business Corporation Franchise Tax Return
2015 Form CT-3-A, General Business Corporation Combined Franchise Tax Return
2015 Form CT-3-M, General Business Corporation MTA Surcharge Return
2015 Form CT-3-S, New York S Corporation Franchise Tax Return

Any return filed on an incorrect form, or on a form for the wrong year, will not be processed.
As a result, penalties and interest may be incurred. An exception to this rule applies to certain
New York S corporations filing for a short period beginning in 2015.
Guidance concerning this exception will be issued in the near future.

Click here to open the corporate tax reform Web page

CT-32-S

New York State Department of Taxation and Finance

New York Bank S Corporation
Franchise Tax Return
Tax Law – Articles 32 and 22

All filers must enter tax period:

	 Amended	
	
return
	

beginning

Employer identification number (EIN)	

File number	

(	

		

)	

Legal name of corporation	

ending
If you have any subsidiaries
incorporated outside NYS,
mark an X in the box

Business telephone number	

Trade name/DBA

Mailing name (if different from legal name above) 		State or country of incorporation

c/o

City	

State	

If address/phone
above is new,
mark an X in the box

NYS principal business activity

	 Number of shareholders 	 New York assets	

	

Type
of
bank

Clearing house	

Date	 received (for Tax Department use only)

Date of incorporation

Number and street or PO box

NAICS business code number (from NYS Pub 910)	

If you claim an
overpayment, mark
an X in the box

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.

Total assets everywhere	

Savings	

Foreign corporations: date began
business in NYS

ZIP code

ZIP code (U.S. headquarters) or	

Audit (for Tax Department use only)

Name of country (foreign headquarters)
	 County code

	

Other commercial:

You must mark an X in one of the following two checkboxes (see Final return in Form CT-32-I, Instructions for Form CT-32):
  If this is a final return, mark an X in this box ...................................................................................................................................
  If you will be filing under Article 9-A for your tax period first beginning on or after January 1, 2015, mark an X in this box .........
	 A.	 Pay amount shown on line 20. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

Payment
enclosed
			

A

Computation of tax and installment payments of estimated tax
	 1	
	 2	
	 3	
	 4	
	 5	
	 6	
	 7	
	 8	
	 9	
	 10	
	 11	
	 12	
	
13a	
	13b	
	 14	
	 15	
	 16	
	 17	
	 18	
	 19	
	 20	
	 21	
	 22	
	 23	
	 24	

Entire net income (ENI) from Form CT-32, Schedule B, line 59a (see instructions) ............................. 	
ENI allocation percentage (see instructions) ....................................................................................... 	

1	
2	

Optional depreciation adjustments from Form CT-32, Schedule E, line 77, and Schedule F, line 82.	

4	

	

Fixed dollar minimum..........................................................................................................................	 9	
Franchise tax (enter amount from line 9) ............................................................................................... 	 10	
Special additional mortgage recording tax credit from Form CT-43................................................. 	 11		
Net franchise tax (subtract line 11 from line 10; see instructions) ............................................................ 	 12
First installment of estimated tax for next period:
If you filed an application for extension, enter amount from Form CT-5.4, line 2............................... 	 13a
If you did not file Form CT-5.4, and line 12 is over $1,000, see instructions.................................... 	 13b
Total (add line 12 and line 13a or 13b) .....................................................................................................	 14	
Total prepayments from line 29......................................................................................................... 	 15
Balance (if line 15 is less than line 14, subtract line 15 from line 14) ............................................................	 16
Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) 	
. ............. 	 17
Interest on late payment................................................................................................................... 	 18
Late filing and late payment penalties.............................................................................................. 	 19
Balance due (add lines 16 through 19 and enter here; enter payment amount on line A above) ................... 	 20
Overpayment (if line 14 is less than line 15, subtract line 14 from line 15) ...................................................	 21
Amount of overpayment to be credited to next period .................................................................... 	 22
Refund of overpayment (subtract line 22 from line 21) .......................................................................... 	 23
Issuer’s allocation percentage (see instructions for Form CT-32, Form CT-32-I) ...................................... 	 24
425001140094

Attach a complete copy of your federal returns, Form CT-34-SH,
and any applicable schedules from Form CT-32 (see instr).

%

250  00

%

Page 2 of 2  CT-32-S (2014)

Additional information
Mark an X in the box and attach Form CT-60-QSSS to notify the Tax Department that a QSSS is included in this return...................	
Mark an X in the boxes below to indicate the forms filed for any tax credits claimed by the New York S corporation or its shareholders. See
Schedule A, Part 2, of Form CT-34-SH, New York S Corporation Shareholders’ Information Schedule (see instructions for Other credits).
CT-41	
CT-501	
CT-607	
CT-633	

CT-43	
CT-502	
CT- 611	
CT-634	

CT-44	
CT-601	
CT-611.1	
CT-639 	

CT-238	
CT-602	
CT- 612	
DTF-624	

CT-249	
CT-604	
CT-613	
DTF-630	

CT-250	
CT-606		
CT-631		
Other credits

Attach a copy of your pro forma federal Form 1120 and a copy of your actual federal Form 1120S filed. If you filed a return other than
federal Form 1120S, please indicate the form number and title here:
If the Internal Revenue Service has completed an audit of any of your returns within the last five years, list years:

If the corporation is a member of an affiliated federal
group, give the name and EIN of the primary corporation:

		 Name		 EIN
	

		

No
Has the corporation revoked its election to be treated as a New York S corporation?...............................................	 Yes	
If Yes, give effective date:		
If this return is for a termination year, mark an X in the appropriate box to indicate the method of accounting used for the New York S
  short year (see instructions):	
Normal accounting rules	
Daily pro rata allocation
	Did you include any disregarded entities in this return? (mark an X in the appropriate box).................................................. 	 Yes	
No
		  If Yes, enter the name(s) and EIN(s) on Form CT-60-QSSS and attach it to your return.

Composition of prepayments on line 15 (see instructions)
	 25	
	26a	
	26b	
	26c	
	 27	
	 28	
	 29	

Date paid
Mandatory first installment..................................................................................... 	 25
Second installment from Form CT-400................................................................... 	 26a
Third installment from Form CT-400....................................................................... 	 26b
Fourth installment from Form CT-400..................................................................... 	 26c
Payment with extension request from Form CT-5.4, line 5..................................... 	 27
Overpayment credited from prior years.............................................................................................	 28
Add lines 25 through 28 (enter here and on line 15) ..............................................................................	 29

Amount

Amended return information
If filing an amended return, mark an X in the box for any items that apply and attach documentation.
Final federal determination . .............. 	

If marked, enter date of determination:

	Capital loss carryback........................ 	
Designee’s name (print)	
Third – party 		 Yes	
No
designee 	 Designee’s e-mail address

Designee’s phone number

(		

(see instructions) 				

)

PIN

Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete.
Authorized
person
Paid
preparer
use
only
(see instr.)

Printed name of authorized person	

Signature of authorized person	

Official title

	 E-mail address of authorized person	

Telephone number	

(		

	 Firm’s name (or yours if self-employed)		
	 Signature of individual preparing this return	

Firm’s EIN	

Address	

	 E-mail address of individual preparing this return		

See instructions for where to file.
425002140094

)

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
Date

ZIP code