New York General Business Corporation Franchise Tax Return Short Form; Description of Form CT-4 (OBSOLETE)

General Business Corporation Franchise Tax Return Short Form; Description of Form CT-4 (OBSOLETE)
Form CT-4:2014: General Business Corporation Franchise Tax Return Short Form, ct4
Important
For tax years beginning in 2015, including short periods, all New York C corporations subject
to tax under Article 9-A (including former Article 32 taxpayers) must file using one of 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
Note: Form CT-4, General Business Corporation Franchise Tax Return Short Form, is no
longer available for any tax period beginning on or after January 1, 2015.
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.

Click here to open the corporate tax reform Web page

CT-4

New York State Department of Taxation and Finance

General Business Corporation Franchise
Tax Return Short Form
Tax Law — Article 9-A

All filers must enter tax period:
Final return	

beginning

Amended return

ending

(see instructions)
Employer identification number (EIN)	

File number	

Business telephone number	

(	

		

)	

Legal name of corporation	

Trade name/DBA

		

Mailing name (if different from legal name above) 		

		
		

c/o

	

Number and street or PO box			

City	
State	
ZIP code	
					

		

NAICS business code number (from NYS Pub 910)	

NYS principal business activity

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

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

State or country of incorporation

Date received (for Tax Department use only)

Date of incorporation

Foreign corporations: date began
business in NYS

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.

Audit (for Tax Department use only)

See Form CT-3/4-I, Instructions for Forms CT-4, CT-3, and CT-3-ATT, before completing this return.
Metropolitan transportation business tax (MTA surcharge)
During the tax year did you do business, employ capital, own or lease property, or maintain an office in the
Metropolitan Commuter Transportation District (MCTD)? If Yes, you must file Form CT‑3M/4M. The MCTD includes
the counties of New York, Bronx, Kings, Queens, Richmond, Dutchess, Nassau, Orange, Putnam,
Rockland, Suffolk, and Westchester. (mark an X in the appropriate box) ............................................................................ 	 Yes	
	 A.	 Pay amount shown on line 43. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

A

No	

Payment
enclosed
			

	 B.	 Federal return filed (you must mark an X in one):   	Attach a complete copy of your federal return.
		 Form 1120................... 	
Form 1120-H................................... 	
Other:					
		 Consolidated basis..... 	
Form 1120S.................................... 	
		
	 C.	 If you included a qualified subchapter S subsidiary (QSSS) in this return, mark an X in the box and attach
		  Form CT-60-QSSS. ...................................................................................................................................................................
	 D.	 Have you underreported your tax due on past returns? To correct this without penalty, visit our Web site (see instructions).
	 E.	 Do you have an interest in, or have you rented, real property located in New York State? (mark an X
		  in the appropriate box) If Yes, enter the county	
. ........................................ 	Yes	

No

	 F.	 Has there been a transfer or acquisition of controlling interest in the entity during the last 3 years? (mark an X
		  in the appropriate box). .......................................................................................................................................... 	Yes	

No

	 G.	 Do you have an interest in any partnerships? ( mark an X in the appropriate box ) .............................................. 	Yes	
		  If Yes, enter the name(s) and EIN(s) on Form CT-60-QSSS and attach it to your return.
	 H.	 Did you include a disregarded entity in this return? ( mark an X in the appropriate box )...................................... 	Yes	
		  If Yes, enter the name(s) and EIN(s) on Form CT-60-QSSS and attach it to your return.
446001140094

No
No

Page 2 of 4  CT-4 (2014)

Computation of entire net income (ENI) base
	 1	
	 2	
	 3	
	 4	
	 5	
	 6	
	 7	
	 8	
	 9	
	10	
	11	
	12	

Federal taxable income (FTI) before net operating loss (NOL) and special deductions (see instr.)..... 	 1
Interest on federal, state, municipal, and other obligations not included on line 1 (see instructions) .... 	 2
Interest paid to a corporate stockholder owning more than 50% of issued and outstanding stock.... 	 3
New York State and other state and local taxes deducted on your federal return (see instructions) .... 	 4
Federal depreciation from Form CT-399, if applicable (see instructions) ............................................. 	 5
Add lines 1 through 5......................................................................................................................... 	 6
New York net operating loss deduction (NOLD) (see instr.; attach federal and New York State computations) .	 7
Allowable New York State depreciation from Form CT-399, if applicable (see instructions) ................ 	 8
Refund or credit of certain taxes (see instructions) .............................................................................. 	 9
Total subtractions (add lines 7 through 9) .............................................................................................. 	 10
ENI base (subtract line 10 from line 6; show loss with a minus (-) sign; enter here and on line 21) ................. 	 11
ENI base tax (see instructions; multiply line 11 by the appropriate rate from the Tax rates schedule in
		  Form CT-3/4-I; enter here and on line 28) .............................................................................................. 	 12

Computation of capital base (enter whole dollars for lines 13 through 18; see instructions)
A

B

C

Beginning of year

End of year

Average value

	13	 Total assets from federal return................. 	
00	
00	
	14	 Real property and marketable securities
		  included on line 13.................................. 	
00	
00	
	15	 Subtract line 14 from line 13....................... 	
00	
00	
	16	 Real property and marketable securities
		  at fair market value.................................. 	
00	
00	
	17	 Adjusted total assets (add lines 15 and 16)....	
00	
00	
	18	 Total liabilities.............................................. 	
00	
00	
	19	 Capital base (subtract line 18, column C, from line 17, column C) ............................................................. 	 19
	20	 Capital base tax ................................................................................................................................ 	 20

Computation of minimum taxable income (MTI) base (see instructions)
	 21	ENI base from line 11...........................................................................................................................	
	 22	Depreciation of tangible property placed in service after 1986 (see instructions) ................................ 	
	 23	New York NOLD from line 7............................................................................................................... 	
	 24	Total (add lines 21 through 23) .................................................................................................................	
	 25	Alternative net operating loss deduction (ANOLD) (see instructions) ................................................... 	
	 26	MTI base (subtract line 25 from line 24) .................................................................................................. 	
	 27	Tax on MTI base (multiply line 26 by appropriate rate; see instructions) .................................................... 	

21
22
23
24
25
26
27

Computation of tax (continued on page 3)
	 28	Tax on ENI base from line 12............................................................................................................. 	 28
	 29	Tax on capital base from line 20 (see instructions)
		  New small business: 	
First year	
Second year	
....................................... 	 29
	 30	Fixed dollar minimum tax (See Table 12, 13, or 14 of the Tax rates schedule in Form CT-3/4-I. You
		  must enter an amount on line 31; see instructions) ................................................................................. 	 30
	 31	New York receipts (see instructions)...................................................	 31
	 32	Tax due (amount from line 27, 28, 29, or 30, whichever is largest; see instructions for exceptions)  ................ 	 32
First installment of estimated tax for next period:	
33a	If you filed a request for extension, enter amount from Form CT-5, line 2......................................... 	 33a
	33b	If you did not file Form CT-5 and line 32 is over $1,000, see instructions......................................... 	 33b
	 34	Add line 32 and line 33a or 33b........................................................................................................... 	 34
	 35	Total prepayments from line 54.......................................................................................................... 	 35
	 36	Balance (subtract line 35 from line 34; if line 35 is more than line 34, enter 0) ...............................................	 36

446002140094

00
00
00
00
00
00

CT-4 (2014)  Page 3 of 4

Computation of tax (continued from page 2)
	 37	Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) 	 ............... 	
	 38	Interest on late payment (see instructions) ........................................................................................... 	
	 39	Late filing and late payment penalties (see instructions) ...................................................................... 	
	 40	Balance (add lines 36 through 39) ............................................................................................................ 	
Voluntary gifts/contributions (see instructions):
	41a	Return a Gift to Wildlife....................................................................	 41a	
00
	41b	Breast Cancer Research and Education Fund.................................	 41b	
00
	41c	Prostate and Testicular Cancer Research and Education Fund...... 	 41c	
00
41d	9/11 Memorial..................................................................................	 41d	
00
41e	Volunteer Firefighting & EMS Recruitment Fund..............................	 41e	
00
41f		Veterans Remembrance...................................................................	 41f	
00
	 42	Total (add lines 34, 37, 38, 39, and 41a through 41f ) ..................................................................................	
	 43	Balance due (If line 35 is less than line 42, subtract line 35 from line 42 and enter here. This is the amount
		  due; enter the payment amount on line A on page 1) ......................................................................... 	
	 44	Overpayment (If line 35 is more than line 42, subtract line 42 from line 35. This is your overpayment; enter
		  here and see instructions) .....................................................................................................................	
	 45	Amount of overpayment to be credited to next period (see instructions). ...........................................	
	 46	Balance of overpayment (subtract line 45 from line 44; see instructions) .................................................	
	 47	Amount of overpayment to be credited to Form CT-3M/4M (see instructions) . ..................................	
	 48	Refund of overpayment (subtract line 47 from line 46; see instructions) ...................................................	

Composition of prepayments on line 35 (see instructions)

37
38
39
40

42
43
44
45
46
47
48 	

Date paid	

Amount

	 49	Mandatory first installment ..............................................................................................	 49
50a	Second installment from Form CT-400.............................................................................	 50a
50b	Third installment from Form CT-400.................................................................................	 50b
50c	Fourth installment from Form CT-400...............................................................................	 50c
	 51	Payment with extension request from Form CT-5, line 5..................................................	 51
	 52	Overpayment credited from prior years......... 	 Period	
.....................................	 52
	 53	Overpayment credited from Form CT-3M/4M .	 Period 	
.....................................	 53
	 54	Total prepayments (add lines 49 through 53; enter here and on line 35) ......................................................	 54

Interest paid to shareholders (see instructions)
	 55	 Did this corporation make any payments treated as interest in the computation of ENI to
		  shareholders owning directly or indirectly, individually or in the aggregate, more than
		  50% of the corporation’s issued and outstanding capital stock? (mark an X in the appropriate box)
		  If Yes, complete the following and lines 56 through 59 (attach additional sheets if necessary) ............	 55	
	 Shareholder’s name 	

Yes	

No

Yes	

No

SSN or EIN

	 56	 Interest paid to shareholder.............................................................................................................. 	 56
	 57	 Total indebtedness to shareholder described above..........................................................................	 57
	 58	 Total interest paid.............................................................................................................................. 	 58
	 59	 Is there written evidence of the indebtedness? (mark an X in the appropriate box) ................................	 59	

Corporations organized outside New York State only
Capital stock issued and outstanding:

Value

	 60	 Number of par shares........ 	

$

	 61	 Number of no-par shares..... 	

$

446003140094

Value

Page 4 of 4  CT-4 (2014)

	 62	 Total receipts entered on your federal return­.................................................................................... 	 62
	 63	 Interest deducted in computing FTI (see instructions) . ...................................................................... 	 63
	 64	 Depreciable assets and land entered on your federal return............................................................ 	 64
	 65	 If the Internal Revenue Service (IRS) has completed an audit of any of your returns within the
		  last five years, list years:		
	 66	 If you are a member of an affiliated federal group, enter primary corporation name and EIN:
Name

EIN

	 67	 If you are more than 50% owned by another corporation, enter parent corporation name and EIN:
Name

EIN

	 68	 Are you claiming small business taxpayer status for lower ENI tax rates? (see Small business
		  taxpayer definition in the line 12 instructions of Form CT-3/4-I; mark an X in the appropriate box) ................	
	 69	 If you marked Yes on line 68, enter total capital contributions (see worksheet in instructions)­............. 	
	 70	 Are you claiming qualified New York manufacturer status, which includes eligible qualified
		  New York manufacturers and qualified emerging technology companies (QETCs), for a lower
		  capital base tax rate and limitation? (see instructions; mark an X in the appropriate box)........................ 	
	 71	 Are you claiming qualified New York manufacturer or eligible qualified New York manufacturer
		  status for lower ENI tax rates? (see instructions; mark an X in the appropriate box)..............................	
	 72	 Are you claiming eligible qualified New York manufacturer status for a lower MTI rate or
		  fixed dollar minimum? (see instructions; mark an X in the appropriate box). ..........................................	
	 73	 Are you a qualified entity of a New York State innovation hot spot that operates solely within
		  such New York State innovation hot spot and have elected to be subject only to the fixed dollar
		  minimum tax base? (mark an X in the appropriate box). ......................................................................	
	 74	 Are you claiming QETC status for a lower ENI rate? (see instructions; mark an X in the
		  appropriate box).................................................................................................................................	
	 75	 Are you claiming qualified New York manufacturer or QETC status for a lower MTI rate or
		  fixed dollar minimum? (see instructions; mark an X in the appropriate box). ..........................................	

68	
69

Yes	

70	

Yes			No

71	

Yes			No

72	

Yes			No

73	

Yes			No

74	

Yes			No

75	

Yes			No

No

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:

Net operating loss (NOL) carryback.... 	

Capital loss carryback...........................

Federal return filed........... Form 1139	

Form 1120X...........................................

Net operating loss (NOL) information
New York State NOL carryover total available for use this tax year from all prior tax years . .........................	
Federal NOL carryover total available for use this tax year from all prior tax years.........................................	
New York State NOL carryforward total for future tax years............................................................................	
	Federal NOL carryforward total for future tax years.........................................................................................
	
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		

446004140094

See instructions for where to file.

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
Date

ZIP code