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New York Free Printable Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19 for 2024 New York Termination of Election to be Treated As a New York S Corporation

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Termination of Election to be Treated As a New York S Corporation
Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19

CT-6.1 Department of Taxation and Finance Termination of Election to be Treated As a New York S Corporation Employer identification number Legal name of corporation Mailing address (12/19) For office use only Date received DBA or trade name (if any) Mailing name (if different from legal name) c/o Number and street or PO box City Business telephone number (  ) State ZIP code Effective date of termination (see instructions) The corporation is terminating its election to be treated as a New York S corporation under New York State Tax Law, Article 22, section 660(c) for the following reason (mark an X in the appropriate box): 1 Termination of federal S election 2 Revocation of election by shareholders owning more than 50% of the shares of stock of the corporation 3 New shareholder refusal If you marked box 2, all revoking shareholders must complete the Shareholder individual affirmation. If you marked box 3, only the new shareholder must complete the Shareholder individual affirmation. Shareholder individual affirmation - By signing below, the shareholder(s) of the above corporation revokes the election to be treated as an S corporation or, in the case of a new shareholder, refuses to consent to the election to be treated as an S corporation under Tax Law, Article 22, section 660(c). The shareholder(s) also certifies that the personal information given below is to the best of the shareholder’s knowledge and belief true, correct, and complete. See instructions if a continuation sheet or a separate consent statement is needed. A Name and address of each revoking shareholder (include ZIP code) B Social Security number or employer identification number C Stock owned or percentage of ownership (see instructions) Number of shares or percentage of ownership D Shareholder’s signature (see instructions) For this termination of election to be valid, all revoking shareholders must signify consent by signing below. Date acquired Certification: I certify that this termination of election 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 Email address of authorized person Firm’s name (or yours if self-employed) Signature of individual preparing this election Email address of individual preparing this election Official title Telephone number ( Address Fax form to: 518-435-8605 (see instructions) ) Firm’s EIN Date Preparer’s PTIN or SSN City Preparer’s NYTPRIN State or Excl. code Date ZIP code Page 2 of 2  CT-6.1 (12/19) General information Instructions A corporation that made the election to be treated as a New York S corporation on Form CT-6, Election by a Federal S Corporation to be Treated as a New York S Corporation, must file Form CT‑6.1 to terminate the election. Specifically, Form CT‑6.1 is used to report: – the termination of the corporation’s taxation as a New York S corporation under Tax Law Article 9-A; and – the termination of the shareholder’s election to include his or her share of the New York S corporation’s items of income, loss, and deductions under the personal income tax law (Article 22) or as unrelated business income for Article 13 taxpayers. When termination occurs An election to treat the corporation as a New York S corporation will cease to be effective: – on the day the federal election to be treated as an S corporation ceases; or – where shareholders owning more than 50% of the shares of stock revoke the New York S election, on the date specified under Revocation of election; or – on the day a person who refuses to consent to the New York S corporation treatment becomes a new shareholder. Note: When the termination date is other than the first day of a tax year, the corporation will be considered a New York S corporation from the first day of the tax year to the day immediately preceding the termination day and a New York C corporation from the termination day to the last day of the tax year. Revocation of election The revocation is effective: – on the first day of the tax year, if Form CT-6.1 is filed on or before the fifteenth day of the third month of the tax year; or – on the first day of the following tax year if Form CT-6.1 is filed after the fifteenth day of the third month of the tax year; or – on the date specified, if Form CT-6.1 specifies a date on or after the date it is filed. Note: In order for the revocation to be valid, the shareholders revoking the New York S election must own more than 50% of the shares of stock in the S corporation on the day the revocation is made. Specific instructions Column C – Enter the number of shares of stock owned and the date the shares of stock were acquired by each shareholder listed in column A. An entity without stock, such as a limited liability company (LLC), should enter the percentage of ownership for each member and date acquired. Column D – Each shareholder listed in column A must signify consent to the termination or revocation by signing their name in column D or by signing their name on a separate consent statement, as described in Continuation sheet or separate consent statement. If a married couple has a community interest in the stock or the income from it, both spouses must consent. Similarly, each tenant in common, joint tenant, or tenant by the entirety must also consent. A minor’s consent is made by the minor or the legal guardian. If no legal guardian has been appointed, the natural guardian makes the consent (even if a custodian holds the minor’s stock under a law patterned after the Uniform Gifts to Minors Act). An Article 13 shareholder’s consent is made by an elected officer or other authorized person. Signature The election must be certified by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or other officer authorized by the taxpayer corporation. The election of an association, publicly traded partnership, or business conducted by a trustee or trustees must be signed by a person authorized to act for the association, publicly traded partnership, or business. If an outside individual or firm prepared the election, all applicable entries in the paid preparer section must be completed, including identification numbers (see Paid preparer identification numbers in Form CT-1). Failure to sign the election will delay the processing of any refunds and may result in penalties. How to file Fax Form CT-6.1 to 518-435-8605. If you are unable to send a fax, mail Form CT-6.1 to: NYS TAX DEPARTMENT CT-6 PROCESSING W A HARRIMAN CAMPUS ALBANY NY 12227-0852 Enter the legal name of the corporation exactly as it appears in the records of the New York State Department of State. Private delivery services See Publication 55, Designated Private Delivery Services. Enter the DBA or trade name that appears on the Certificate of Assumed Name filed with the New York State Department of State. Need help? and Privacy notification Continuation sheet or separate consent statement – If you need a continuation sheet or use a separate consent statement, attach it to Form CT-6.1. The separate consent statement must contain the name, address, and employer identification number of the corporation and the shareholder information requested in columns A through D. Column A – If this is a revocation, enter the name and address of each shareholder consenting to the revocation who owned shares of stock in the corporation at the time of revocation. If this is a new shareholder refusal, enter the name and address of the new shareholder. Column B – Enter the Social Security number or employer identification number of each shareholder listed in column A. See Form CT-1, Supplement to Corporation Tax Instructions.
Extracted from PDF file 2023-new-york-form-ct-61.pdf, last modified November 2020

More about the New York Form CT-6.1 Corporate Income Tax TY 2023

We last updated the Termination of Election to be Treated As a New York S Corporation in February 2024, so this is the latest version of Form CT-6.1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-6.1 directly from TaxFormFinder. You can print other New York tax forms here.

Related 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. These related forms may also be needed with the New York Form CT-6.1.

Form Code Form Name
Form CT-611 Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008
Form CT-611.1 Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or after June 23, 2008
Form CT-612 Claim for Remediated Browneld Credit For Real Property Taxes
Form CT-613 Claim for Environmental Remediation Insurance Credit

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-6.1 from the Department of Taxation and Finance in February 2024.

Show Sources >

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-6.1

We have a total of thirteen past-year versions of Form CT-6.1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CT-6.1

Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19

2022 Form CT-6.1

Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19

2021 Form CT-6.1

Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19

2020 Form CT-6.1

Form CT-6.1 Termination of Election to be Treated As a New York S Corporation Revised 12/19

2019 Form CT-6.1

Form CT-6.1:12/19:Termination of Election to be Treated As a New York S Corporation,:ct6_1

2018 Form CT-6.1

Form CT-6.1:10/15:Termination of Election to be Treated As a New York S Corporation:ct61

2017 Form CT-6.1

Form CT-6.1:10/15:Termination of Election to be Treated As a New York S Corporation:ct61

2016 Form CT-6.1

Form CT-6.1:10/15:Termination of Election to be Treated As a New York S Corporation, CT6.1

2015 Form CT-6.1

Form CT-6.1:10/15:Termination of Election to be Treated As a New York S Corporation, CT6.1

Termination of Election to be Treated As a New York S Corporation 2014 Form CT-6.1

Form CT-6.1:10/14:Termination of Election to be Treated As a New York S Corporation, CT6.1

Termination of Election to be Treated As a New York S Corporation 2013 Form CT-6.1

Form CT-6.1:8/12:Termination of Election to be Treated As a New York S Corporation, CT6.1

2012 Form CT-6.1

Form CT-6.1:8/12:Termination of Election to be Treated As a New York S Corporation, CT6.1

2011 Form CT-6.1

Form CT-6.1:8/11:Termination of Election to be Treated As a New York S Corporation, CT6.1


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