Calculate Form NYC-4S

Corporations that don't need to file Form NYC-3L can file Form NYC-4S or NYC-4S-EZ instead. Refer to the form instructions on the NYC DoF website for filing requirements and eligibility for these forms.
Follow these steps to calculate Form NYC-4S instead of Form NYC-3L.
  1. In the New York return, open the New York City folder.
  2. On the NYCGen screen, enter
    X
    in the
    Calculate Form NYC-4S (S Corp)
    field or
    Calculate Form NYC-4S-EZ
    field.
  3. Select
    View
    , then
    Apportionment
    .
  4. In the
    New York
    tab, select
    MTA, NYC
    .
  5. In the
    New York City
    tab, mark the
    100% in New York City
    checkbox.
If the other requirements are met based on form instructions, UltraTax CS will calculate the respective form. If the requirements aren't met, UltraTax CS will calculate Form NYC-3L regardless of the field marked.
If a corporation isn't eligible to file Form NYC-4S or NYC-4S-EZ, they may still be exempt from alternative tax on capital and entire net income on Form NYC-3L.
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