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Free Nyc 202 Form

The NYC-202 form is an essential document for estates and trusts that utilize an Employer Identification Number (EIN) as their primary identifier. This form serves as the Unincorporated Business Tax Return for individuals and single-member LLCs, specifically for the calendar year 2021. Completing this form accurately is crucial for compliance with New York City's tax regulations.

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The NYC-202 form plays a crucial role for estates and trusts operating as unincorporated businesses in New York City. Designed for individuals and single-member LLCs, this form is essential for reporting unincorporated business taxes for the calendar year 2021. Taxpayers must provide detailed information, including their business name, address, and taxpayer identification numbers, such as Social Security or Employer Identification Numbers. The form also requires taxpayers to indicate the start and end dates of their business operations in NYC, as well as any changes in business status. Additionally, it includes sections for reporting income, deductions, and any applicable tax credits, which are vital for accurately calculating the tax liability. Taxpayers must also disclose whether they are engaged in exempt business activities and provide a comprehensive account of their financial activities through various schedules included in the form. The NYC-202 form must be signed and submitted by the due date to ensure compliance with local tax regulations, making it an important document for anyone involved in business activities within the city.

Similar forms

The NYC-202 form is an important document for individuals and single-member LLCs operating in New York City. It serves as a return for the unincorporated business tax. Several other forms share similarities with the NYC-202 in terms of purpose, structure, or the information required. Here are eight documents that are similar to the NYC-202 form:

IRS Form 1040: This is the standard individual income tax return form used in the United States. Like the NYC-202, it collects information about income, deductions, and tax liability for individuals.
IRS Schedule C: Used by sole proprietors to report income and expenses from a business. Similar to the NYC-202, it requires detailed financial information about the business's operations.
IRS Schedule E: This form is for reporting income or loss from rental real estate, partnerships, S corporations, estates, trusts, and more. It shares the focus on income reporting found in the NYC-202.
IRS Form 1065: This form is used for partnerships to report income, deductions, gains, and losses. Like the NYC-202, it requires detailed financial disclosures from business operations.
New York State Form IT-201: This is the New York State resident income tax return. It collects similar personal and financial information as the NYC-202 for state tax purposes.
New York State Form IT-204: This is for partnerships and LLCs filing as partnerships in New York. It parallels the NYC-202 in its requirement for reporting business income and expenses.
New York City Form NYC-400: This is a tax return for the New York City personal income tax. Like the NYC-202, it is designed for residents and focuses on income reporting.
New York State Form CT-3: This is the general business corporation franchise tax return. It shares the purpose of reporting business income and calculating tax liability, similar to the NYC-202.

Each of these forms serves a specific purpose in tax reporting, yet they all share common elements with the NYC-202, particularly in the information required about income and business operations.

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-202	Estates and Trusts using an EIN as their primary identifier must use Form NYC-202EIN

UNINCORPORATED BUSINESS TAX RETURN 2022

FOR INDIVIDUALS AND SINGLE-MEMBER LLCs

For CALENDAR YEAR 2022 beginning ___________________________ and ending ____________________________

*60212291*

First name and initial		Last name			Name	n
					Change	n

In Care Of

Business name

Business address (number and street)					Address	n
					Change	n

City and State			Zip Code		Country (if not US)

Business Telephone Number	Date business began in NYC (mm-dd-yy)			Date business ended in NYC (mm-dd-yy)

TAXPAYER’S EMAIL ADDRESS

SOCIAL SECURITY NUMBER

BUSINESS CODE NUMBER

FROM FEDERAL SCHEDULE C:

APPLY	n ndedreturn	If the purpose of the amended return is to report a		n	IRS change	Date of Final
						Determination nn-nn-nnnn
		federal or state change, check the appropriate box:		nNYS change
THAT	n inalreturn	Check this box if you have ceased operations in NYC. Attach copy of your entire federal Form 1040 and statement showing disposition of business property.
ALL
	n Engaged in a fully exempt unincorporated business activity			n Engaged in a partially exempt unincorporated business activity
CHECK
	n laianlatedfederaltaxbenefitseinstructin		s	nn ter‑characterspecialcnditincdeifapplicableeinstru			ctins

SCHEDULE A

Computation of Tax

BEGIN WITH SCHEDULE B ON PAGE 3. COMPLETE ALL OTHER SCHEDULES. TRANSFER APPLICABLE AMOUNTS TO SCHEDULE A.

Payment Amount

Payment

Amount being paid electronically with this return

......................................................................

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18.

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________________________________

60212291

THIS RETURN MUST BE SIGNED. (SEE PAGE 5 FOR SIGNATURE BOX AND MAILING INSTRUCTIONS.)

Form NYC-202 2022Page 2

Name ___________________________________________________________________________ SSN _________________________________________

20a.RreditttachNY

20a.

20b.RealateaxlatinlntpprtunitRelcatin

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29.

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Part

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31.

Business Tax Credit Computation

*60222291*

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Prepayments of Estimated Tax Computation

	PREPAYMENTS CLAIMED ON SCHEDULE A, LINE 22			DATE		AMOUNT

PantwithdeclaratinrNY

PantwithNticefitedaxue

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60222291

Form NYC-202 2022				Page 3
Name ___________________________________________________________________________			SSN _________________________________________

SCHEDULE B		Computation of Total Income


Part	tefbusinessincgainlssrdeductin


1.	Netprfitrlssfrbusinessfarngrprfessinsasreprtedf				rfederaltaxpurpsesfr
	federalSchedulerr			(see instructions)			1.
2.	fenteringincfrrethannefederalSchedule				rrchecthisbx		2.
	terthenuerfSchedulesrattached			➧
	terthenuerfSchedulesrattached			➧
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	Schedule D or Form 4797) (see instructions)						3.
4.	Netauntfrentalrrltincfrbusinesspersnalprpe				rtrbusinessrealprpert
	(attach federal Schedule E) (see instructions)						4.
5.	therbusinessincrlss		(attach schedule) (see instructions)				5.
6.	talfederalincrlssinelinesthrugh						6.
7.	Subtractnetincrgainraddnetlssfrrentalsaler				exchangefrealprpert
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8.	talincbefreNewYritdificatinsinelines				and		8.

Part		NewYritdificatinseinstructinsfrSchedulepart

ADDITIONS

linctaxesandnincrpratedsinessaxes

10a.Relcatincredits

10a.

10b.ensesrelatedtexetinc

10b.

10c.epreciatinadjustnts

(attach Form NYC-399 and/or NYC-399Z)

10c.

10d.Realestateadditins

(see instructions)

10d.

11.

theradditins

(attach schedule) (see instructions)

11.

12.

taladditinsddlinesthrugh

12.

SUBTRACTIONS

13.

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part

13.

14.

Wagesandsalariessubjecttfederaljbscredit

(see instructions

14.

15.

epreciatinadjustnt

(attach Form NYC-399 and/or NYC-399Z)

15.

16.

tincincludedinpart

(attach schedule)

16.

17.

fdividends

(see instructions)

.......................................................................................................

17.

18.

Realestatesubtractins

(see instructions)

18.

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(attach schedule) (see instructions)

19.

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(see instructions)

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ividendsfrstcheldfrinvestnt

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bligatins

(itemize on rider)

25b.

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25c.

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26.

27.

BUSINESS INCOME inelessline

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.....................................

27.

*60232291* 60232291

Form NYC-202 2022	Page 4
Name ___________________________________________________________________________	SSN _________________________________________

SCHEDULE C Locations of Places of Business Inside and Outside New York City

All taxpayers must complete Schedule C, Parts 1 and 2.

Part

catinfreachplacefbusinessNSNewYriteinstructinsattachriderifnecessar

	letedress			Rent	Naturefivities	Nfles	WagesSalariesc	uties

NM	SR

Y		S	ZP

NM	SR

Y		S	ZP

NM	SR

Y		S	ZP

NM	SR
Y		S	ZP

tal

Part

catinfreachplacefbusinessSNewYriteinstructinsattachriderifnecessar

	letedress			Rent	Naturefivities	Nfles	WagesSalariesc	uties

NM	SR

Y		S	ZP

NM	SR

Y		S	ZP

NM	SR

Y		S	ZP

NM	SR
Y		S	ZP

tal

Part

SingleReceiptsactrsinesslcatinPercentage Taxpayers must report their Business Allocation Percentage in this schedule for this return to be accepted.

Taxpayers who do not allocate business income outside New York City must enter 100% on Schedule C, Part 3, line 2. Taxpayers who allocate business income both inside and outside New York City must complete Schedule C, Part 3.

DESCRIPTION OF ITEM USED AS FACTOR

COLUMN A - NEW YORK CITY

COLUMN B - EVERYWHERE

1. Gross sales of merchandise or charges for services during the year

2. BusinessAllocationPercentage(line 1a divided by line 1b rounded to the nearest hundredth of a percent).

.............................................................................

SCHEDULE D

Investment Capital and Allocation and Cash Election

RPNNVM

NfSharesr

verage

iabilitiestributable

NetverageValue

ssuerlcatin

ValuelcatedtNY

untfSecurities

Value

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SHSKSRYSRNY

1.	talsncludingitenrider

2.	nvestntallcatinpercentage		inedividedbline	round to the nearest hundredth of a percent
3.	ash	(To treat cash as investment capital,
		(To treat cash as investment capital,
		you must include it on this line.)
		you must include it on this line.)
4.	nvestntcapitaltalflinesand
4.	nvestntcapitaltalflinesand

*60242291*

60242291

ATTACH FEDERAL SCHEDULE C, SCHEDULE C-EZ OR SCHEDULE F, FORM 1040 TO THIS RETURN

Form NYC-202 2022			Page 5
Name ___________________________________________________________________________			SSN _________________________________________

	SCHEDULE E	If you are taking a Net Operating Loss Deduction this year, please attach
	SCHEDULE E	Form NYC-NOLD-UBTI
		Form NYC-NOLD-UBTI

SCHEDULE F The following information must be entered for this return to be complete. (See Instructions)

1.Naturefbusinessrprfessin _________________________________________________ ____________________________________

2.	NewYrStateSalesaxNuer		_________________________________________
3.	idufileaNewYritnincrpratedsinessaxReturn			frthefllwingars
	2020: n Y	n N		2021: n Y	n N
	f“N”statereasn	__________________________________________________ ____________________________________________
4.	terhaddress	__________________________________________________ ________________________						Zipde___________
5.	fbusinessternatedduringthecurrenttaxablearstated			ateternatedd	________-_______-_______
	tachastatentshwingdispsitinfbusinessprpert
6.	HasthenternalRevenueServicertheNewYrStateepartn			tfaxatinandinanceincreasedrdecreasedantaxablei				ncss
	reprtedinantaxperidrareucurrentlbeingaudited				n Y	n N
	fbwh		n Internal Revenue Service		Stateperidg________________			d________________
						MM	YY	MM	YY
			n New York State Department of Taxation and Finance		Stateperidg________________			d________________
						MM	YY	MM	YY

7.f“Ytquestin

7a. rarsprirthasrNYeprtfederalSt

atehangeinaxablencbeenfiled

n Y

n N

7b. rarsbeginningnrafterhasanandedreturn

beenfiled

n Y

n N

iducalculateadepreciatindeductinbtheapplicati

nfthefederalleratedstRecverSeRS

(see instr.)

n Y

n N

Wereuaparticipantina“SafeHarbreasing”transactindu

ringtheperidcveredbthisreturn

n Y

n N

10.esthistaxparparentgreaterthan$franprese

sinNYinthebrughfManhattansuthf

thStreetfrthepurpsefcarrngnantradebusinessp

rfessinvcatinrcrcialactivit

n Y

n N

11. fwereallrequiredrcialRentaxReturnsfiled

n Y

n N

PleaseenterlrdentificatinNuerrScialSecuritNuer

whichwasusednthercialRentaxReturn

__________________________

CERTIFICATION

I hereby certify that this return, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete.

irsildress

I authorize the Dept. of Finance to discuss this return with the preparer listed below. (See instructions) ......YES n

_______________________________________

SIGN

Signatureftaxpar

itle

ate

PreparersScialSecuritNuerrPN

HERE:

PREPARER'S

PreparersPreparer’s

hecifself

USE

’

signatureprinted

ate

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ONLY

eld

irlrdentificatinNuer

s irsna

rursifselfld

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s Zipde

MAILING INSTRUCTIONS

Attach copy of federal Form 1040, Schedule C, Schedule C-EZ or Schedule F. If this is a final return, attach an entire copy of federal Form 1040. Make remittance payable to the order of NYC DEPARTMENT OF FINANCE. Payment must be made in U.S. dollars and drawn on a U.S. bank.

To receive proper credit, you must enter your correct Social Security Number on your tax return and remittance.

The due date for the calendar year 2022 return is on or before April 18, 2023.

For fiscal years beginning in 2022, file on or before the 15th day of the fourth month following the close of the fiscal year.

ALLRETURNSEXCEPTREFUNDRETURNS

NYMN

NNRPRSN

NHNNY

REMITTANCES

PAY ONLINE WITH FORM NYC-200V

AT NYC.GOV/ESERVICES

Mail Payment and Form NYC-200V ONLY to:

NYMN

NYRKNY

RETURNSCLAIMINGREFUNDS

NYMN

NNRPRSN

NHNNY

*60252291* 60252291

Common mistakes

Filling out the NYC-202 form can be tricky, and many people make common mistakes that can lead to delays or issues with their tax returns. One frequent error is incomplete information. Taxpayers often forget to fill in all required fields, such as their Social Security Number or business address. Missing even one piece of information can result in the form being rejected or delayed, so it's crucial to double-check that everything is filled out correctly.

Another mistake is incorrect dates. When entering the dates for when the business began and ended in NYC, some individuals accidentally input the wrong year or format. For example, using the wrong date format can confuse the processing system. It's essential to ensure that the dates are accurate and formatted correctly to avoid complications.

Many also overlook the signatures. A common oversight is failing to sign the form before submission. Without a signature, the return is not considered valid. This simple step is often forgotten in the rush to complete the form, but it’s critical to sign and date it properly.

Lastly, taxpayers frequently make mistakes in calculating their business allocation percentage. This percentage is vital for determining how much income is subject to NYC taxes. Errors in this calculation can lead to incorrect tax amounts owed. It’s advisable to take your time and carefully follow the instructions to ensure accuracy.

More About Nyc 202

What is the NYC-202 form?
The NYC-202 form is an Unincorporated Business Tax Return specifically designed for individuals and single-member LLCs. It is used to report income and calculate taxes owed for businesses operating in New York City.
Who needs to file the NYC-202 form?
Individuals and single-member LLCs that engage in unincorporated business activities in New York City must file this form. This includes businesses that operate under an Employer Identification Number (EIN).
What information is required to complete the NYC-202 form?
To complete the form, you will need to provide personal information such as your name, Social Security Number, and business details including the business name, address, and telephone number. Additionally, you must report income, deductions, and any applicable tax credits.
What are the deadlines for filing the NYC-202 form?
The due date for the calendar year 2021 return is on or before April 18, 2022. For fiscal years beginning in 2021, the form should be filed on or before the 15th day of the fourth month following the close of the fiscal year.
How do I amend my NYC-202 form?
If you need to amend your return, check the appropriate box on the form indicating the reason for the amendment. You will also need to attach any necessary documentation, such as a copy of your federal Form 1040, to support the changes.
What happens if I cease operations in NYC?
If you have ceased operations, you must check the designated box on the form. You will also need to attach a copy of your entire federal Form 1040 and provide a statement showing the disposition of your business property.
Are there any exemptions for filing the NYC-202 form?
Yes, there are exemptions for certain unincorporated business activities. If your business is fully or partially exempt, you must indicate this on the form and provide the necessary details as outlined in the instructions.
How can I make payments related to the NYC-202 form?
Payments can be made online using Form NYC-200V at the NYC Department of Finance website. Alternatively, you can mail your payment along with the NYC-202 form. Ensure that the payment is in U.S. dollars and drawn on a U.S. bank.
What if I need assistance completing the NYC-202 form?
If you require assistance, you may want to consult a tax professional. The form also provides instructions that can guide you through the completion process. You can authorize the Department of Finance to discuss your return with the preparer if needed.
Where do I send my completed NYC-202 form?
Completed forms should be mailed to the address specified for returns claiming refunds or to the address for remittances, depending on your situation. Make sure to follow the mailing instructions carefully to ensure proper processing.

Misconceptions

Misconception 1: The NYC-202 form is only for corporations.

In reality, the NYC-202 form is designed for unincorporated businesses, including individuals and single-member LLCs. This form allows these entities to report their business income and pay the appropriate taxes.
Misconception 2: The NYC-202 form can be filed without any supporting documents.

This is incorrect. Taxpayers must attach specific supporting documents, such as a copy of their federal Form 1040 and any relevant schedules, to ensure the return is complete and accurate.
Misconception 3: The NYC-202 form is only for businesses operating within New York City.

While the form is primarily for businesses operating in New York City, it also applies to businesses that may have income from outside the city. Taxpayers must accurately report their business allocation percentage on the form.
Misconception 4: Filing the NYC-202 form is optional for small businesses.

Filing the NYC-202 form is mandatory for unincorporated businesses that meet certain income thresholds. Failure to file can result in penalties and interest on unpaid taxes.

Fill out More Forms

Nyu Benefit Plan Application - Be mindful of the specific semester or term for which payment is being requested.

Inheritance Tax Limits - Information about any safe deposit boxes leased in New York at the time of death is also required.

Key takeaways

1. Understand the Purpose: The NYC-202 form is primarily used by individuals and single-member LLCs to report unincorporated business tax for the calendar year. It is essential to fill it out accurately to comply with New York City tax regulations.

2. Identify Your Business Type: Make sure to indicate whether your business is fully or partially exempt from unincorporated business tax. This classification affects your tax obligations and the information you need to provide.

3. Accurate Dates Are Crucial: Provide the correct dates for when your business began and ended operations in NYC. This information is vital for determining your tax liability and compliance with local laws.

4. Complete All Required Schedules: The NYC-202 form requires you to complete various schedules, including Schedule A and Schedule B. Each schedule captures specific financial details that influence your overall tax calculation.

5. Payment Options: When submitting your payment, you have the option to pay online or by mail. Ensure that your payment is made in U.S. dollars and drawn from a U.S. bank to avoid complications.

6. Keep Records Handy: Attach a copy of your federal Form 1040 and any relevant schedules when submitting the NYC-202. This documentation supports your claims and provides a complete picture of your business finances to the tax authorities.

Nyc 202: Usage Guide

Completing the NYC-202 form requires careful attention to detail, as it is essential for reporting your business income and tax obligations. Before you begin filling out the form, gather all necessary documentation, including your federal tax return and any relevant schedules. This preparation will help streamline the process and ensure accuracy.

Start by entering your business's name and address in the designated fields. Make sure to include the city, state, and zip code.
Provide your business telephone number and the dates your business began and ended in NYC.
Fill in your taxpayer's email address and social security number.
Indicate your business code number from your federal Schedule C.
If applicable, check the box to indicate if this is an amended return or if you have ceased operations in NYC.
Complete the Computation of Tax section, starting with Schedule B on page 3. Transfer applicable amounts to Schedule A as instructed.
In the Payment Amount section, indicate the amount being paid electronically with the return.
Proceed to fill out the Business Income section, ensuring all relevant figures from your federal return are accurately reported.
Complete Schedule C, detailing the locations of your business both inside and outside New York City.
Fill out Schedule D, which pertains to investment capital and allocation, if applicable.
For any net operating loss deductions, attach Form NYC-NOLD-UBTI.
Ensure you sign the return where indicated, certifying that the information provided is true and complete.
Attach copies of your federal Form 1040, Schedule C, Schedule C-EZ, or Schedule F, as required.
Mail the completed form to the appropriate address, ensuring to follow the mailing instructions provided on the form.

⇓ Nyc 202 PDF