New York Election to Use Different Annualization Periods for Corporate Estimated Tax

Election to Use Different Annualization Periods for Corporate Estimated Tax
Form CT-222.1 Election to Use Different Annualization Periods for Corporate Estimated Tax Tax Year 2023
Election to Use Different Annualization	
Periods for Corporate Estimated Tax
Department of Taxation and Finance

CT-222.1

Tax Law – Article 27, Section 1085(d)(3)	

All filers must enter tax period:
beginning

ending

	 Employer identification number (EIN)		
	 Telephone number
For office use only

	(

 )

	 Legal name of corporation 						
Date received

Mailing address

	 DBA or trade name (if any)
	 Mailing name (if different from legal name)
	 c/o
	 Number and street or PO Box	

					

	 City		

State	

ZIP code

	1	 Type of return(s) to be filed (mark an X in all applicable boxes):
Form CT-3........... 	

Form CT-184.......	

Form CT-186-P......... 	

Form CT-33..........

Form CT-3-M...... 	

Form CT-184-M....	

Form CT-186-P/M..... 	

Form CT-33-M......

Form CT-3-A....... 	

Form CT-186.......	

Form CT-33-A.......

Form CT-3-S....... 	

Form CT-186-M....	

Form CT-33-C.......

		 Form CT-186-E....	

Form CT-33-NL.....

	2	 Election to use an annualization option under the annualized income installment method (mark an X in the appropriate box):
	

Options	

2nd installment	

3rd installment	

4th installment

	 Option 1	

First 4 months	

First 7 months	

First 10 months

	 Option 2	

First 5 months	

First 8 months	

First 11 months

Certification: I certify that this election is 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	

Telephone number	

(		

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

Address	

	 Email address of individual preparing this election		

See instructions for where to file.

532001230094

Official title

)

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-222.1 (2023)

Instructions
Purpose of the form

Use Form CT-222.1 to select one of the two options that can
be elected under Tax Law section 1085(d)(3) to compute the
corporation’s estimated tax under the annualized income
installment method. You may use a single form to make
the election for more than one type of return (for example,
Forms CT-3, General Business Corporation Franchise Tax
Return, and CT-3-M, General Business Corporation MTA
Surcharge Return). However, the due date of the election for
each return may be different. If so, a separate Form CT-222.1 is
required.

Who can elect

Any corporation using the annualized income installment method
to compute its estimated tax may elect either option 1 or option 2
by filing Form CT-222.1. If you use the standard option, do not
file Form CT-222.1.

When and where to file

File Form CT-222.1 annually to elect option 1 or option 2, even
if you select the same election each year. File Form CT-222.1
by the due date of your declaration of estimated tax for which
the election is to apply. For information concerning declarations
of estimated tax, including due dates, see Form CT-400-I,
Instructions for Form CT-400. (Note: Form CT-400 is to be
e-filed, so only Form CT-222.1 should be mailed to the address
below.) The election applies only to the tax year for which it is
made. Once the election is made it cannot be revoked for that
tax year.
Mail the completed election to:
	
NYS ESTIMATED CORPORATION TAX
	
	

PO BOX 15200
ALBANY NY 12212-5200

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

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.

Need help? and Privacy notification

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

532002230094