New York State Department of Taxation and FinanceCorporation Tax MeF Acceptance Testing System for Tax Year 2024
Test 22—CTEF604
Blank or zero field values are not included. Fields requiring software calculations are not provided. ACH debit payment is required if test results in a balance due. Please use the two-digit codes provided to you to replace the 6th and 7th digits in each test EIN.
Test Scenario
Return type: CT-3
Liability period: 01-01-2024 – 12-31-2024
EIN: 00219XX22
Legal name: CTEF604 (Followed by a space, then your software ID
File number: Software calculated
Telephone number: 518-555-2626
Address: 604 WA Harriman Campus, Albany, NY 12227
State of incorporation: New York State
Date of incorporation: 01-01-2002
NAICS business code number: 334100
Principal business activity: Computer manufacturing
Part 1
Section A
Line 1. QETC eligible for the lower business income base tax rate, 0% capital base tax rate, and lower FDM: Yes
Section B
Line 1. Number of NYS employees: 65
Line 2. Wages paid to NYS employees: 3.500.000
Line 3. Number of business establishments in NYS: 1
Section C
Line 1. Federal return filed: 1120
Line 3. Required attachments: CT-3.1, CT-3.4, CT-225
Line 4. Number of tax credit forms filed with this return: 3
Part 2
Line 1c. New York receipts: 4,500,000
| Date paid | Amount | |
|---|---|---|
| Line 11 | 3-15-2024 | 10,000 |
| Line 12 | 6-15-2024 | 10,000 |
| Line 13 | 9-15-2024 | 10,000 |
| Line 14 | 12-15-2024 | 10,000 |
Line 24. Balance of overpayment to be refunded: 40,000
Part 3
Line 1. FTI before NOL and special deductions: 3,250,000
Part 4
| Line number | Description |
A Beginning of year |
B End of year |
|---|---|---|---|
| Line 1 | Total assets from federal return | 60,000,000 | 65,000,000 |
| Line 6 | Total liabilities | 9,500,000 | 10,500,000 |
Part 5—Software calculated
No content
Part 6
| Line number | Description |
A NYS |
B Everywhere |
|---|---|---|---|
| Line 1 | Sales of tangible personal property | 3,500,000 | 4,250,000 |
| Line 4 | Rentals of real and tangible personal property | 1,000,000 | 2,500,000 |
| Line 44 | Global intangible low-taxed income | 0 | 2,750,000 |
Part 7—Software calculated
No content
CT-3.1
Schedule A—No content
No content
Schedule B—Software calculated
No content
Schedule C—Software calculated
No content
Schedule D—No content
No content
Schedule E
Part 2
| Item |
A Name CUSIP/CINS/lot number |
B Number of shares acquired |
C Date acquired |
||
|---|---|---|---|---|---|
| A | Stocks / S1CUSIP31 / Lot 19 | 175,000 | 02-01-2021 | ||
| Item |
D Number of shares sold |
E Date sold |
F Average FMV |
G Liabilities attributable |
H Net average FMV |
| A | N/A | N/A | 4,000,000 | 1,500,000 | 2,500,000 |
Schedule F—No content
No content
CT-3.4
Line 5a. NOL carryforward from prior year’s Form CT-3.4: 525,000
|
A Tax period beginning and ending dates |
B Amount from Form CT-3 Part 3, line 17 |
C When column B is not a loss, enter the ending dates of the tax period that generated an NOL used to reduce the amount in column B |
|---|---|---|
| 01-01-2024–12-31-2024 | 1,965,789 | 12-31-2022 |
| 01-01-2023–12-31-2023 | 250,000 | N/A |
| 01-01-2022–12-31-2022 | -700,000 | N/A |
| 01-01-2021–12-31-2021 | 6,500,000 | N/A |
| 01-01-2020–12-31-2020 | 4,000,000 | 12-31-2019 |
| 01-01-2019–12-31-2019 | -100,000 | N/A |
| 01-01-2018–12-31-2018 | 1,500,000 | N/A |
| 01-01-2017–12-31-2017 | 2,000,000 | N/A |
| 01-01-2016–12-31-2016 | 500,000 | N/A |
CT-225
Schedule A
Part 1
| Line number | Modification number | Amount |
|---|---|---|
| 1a | A-110 | 575,000 |
| 1b | A-502 | 175,000 |
| 1c | A-505 | 150,000 |
Schedule B—No content
No content
CT-224
Schedule A
Line 1. Federal depreciation deduction for transition property: 50,000
Line 2. Federal loss on the sale of transition property: 125,000
Schedule B—No content
No content
CT-604
Schedule A–G—No content
No content
Schedule H
Part 1
| Current tax year employment number | March 31 | June 30 | September 30 | December 31 | ||
|---|---|---|---|---|---|---|
| Number of full-time employees within all EZs | 65 | 65 | 75 | 75 | ||
| Base period employment number | Tax year ending | March 31 | June 30 | September 30 | December 31 | |
| A | Number in base year 1 | 12-10 | 20 | 19 | 18 | 15 |
| B | Number in base year 2 | 12-09 | 18 | 17 | 16 | 13 |
| C | Number in base year 3 | 12-08 | 16 | 15 | 14 | 11 |
| D | Number in base year 4 | 12-07 | 14 | 13 | 12 | 10 |
Schedule I
| Test year 1-10 to 12-10 | March 31 | June 30 | September 30 | December 31 |
|---|---|---|---|---|
| Number of employees within the EZs | 25 | 25 | 27 | 27 |
Schedule J
Line 38. Current tax year employment number within the EZs in which you are certified: 70
Schedule K
| Line number | Description |
A EX |
B NYS |
|---|---|---|---|
| Line 44 | Average value of property | 20,500,000 | 20,500,000 |
| Line 46 | Wages and other compensation of employees, excluding general executive officers | 3,500,000 | 3,500,000 |
Schedule L
Line 50. Tax year of the business tax benefit period: 10
Line 50. Benefit period factor: 1.0000
Schedule M—No content
No content
CT-651
Line A. Claiming this credit as a corporation that earned the credit: Yes
Line B. Name and EIN of business certified by NYS OASAS to participate in Recovery Tax Credit Program: CTEF604, 00219XX22
Line C. Certificate number: OASARTC2412345
Line D. Number of eligible employees for which the recovery tax credit is being claimed: 5
Schedule A
Line 1. Recovery tax credit: 6,750
Schedule B—Software calculated
No content
Schedule C
Line 11. Amount of credit to be refunded: 6,750
DTF-621
Year for which you are claiming the QETC employment credit: 2nd
Schedule A
Line 1. Is this company located in NYS: Yes
Line 2. Are the total annual product sales of the company $10,000,000 or less: Yes
Line 3. Does the company have R&D activities in NYS: Yes
Line 4. Amount of R&D funds: 1,250,000
Line 5. Amount of net sales: 4,500,000
| Current tax year | March 31 |
June 30 |
September 30 | December 31 |
|---|---|---|---|---|
| Number of full-time employees in NYS | 75 | 75 | 75 | 75 |
| Number of full-time employees in NYS for three year base period | March 31 | June 30 |
September 30 |
December 31 |
| First year | 55 | 55 | 60 | 60 |
| Second year | 50 | 50 | 50 | 55 |
| Third year | 50 | 55 | 55 | 55 |
Schedule B
| Employee's name | SSN |
|---|---|
| Harry Prince | 222333444 |
| William Princeton | 333444555 |
| Kate Williams | 444555666 |
| Megan Harry | 666777888 |
| Prince Willaims | 888999777 |
| Harry Princeton | 777888999 |
Schedule C—Software calculated
No content
Schedule D
Line 35. Amount of unused credit on line 34 to be refunded: 20,830