To officially be designated as an S corporation in New York, your business will be required to file a Form CT-6, which is the Election by a Federal S Corporation to be Treated as a New York S Corporation.
Example of Correctly Signed CT-6
Instructions
Once your CT-6 is ready to be filed, you will be prompted to complete your Form 2553 and NY CT-6 Form in your Collective Dashboard. . Collective will provide a form for New York’s Form CT-6, generated based on the information you provided, which you can find in your Documents on your Dashboard. The document will be titled Form CT-6_unsigned. Please follow these instructions to complete the form:
- Review the document for accuracy. If the form is not accurate, please reach out to us using the message center in the Dashboard.
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If all the information is correct, please print and INK SIGN (with a pen) the Form CT-6 in TWO places:
- The middle of the page, in the table under Column D “Shareholder’s Signature”
- The bottom of the page, under Certification of Authorized Person.
- Add the date it was signed.
- Enter your Social Security Number in Section B.
- Once signed, please scan the signed form and securely upload it to your Collective Dashboard. Please name the file “NY CT-6_signed.pdf”
- Keep the original signed form for your records.
Example of Unsigned CT-6
Please note: your unsigned form will not be highlighted. The below image is a reference for the sections that need to be signed.
Example of Correctly Signed CT-6
What’s next?
- Collective will fax your signed form CT-6 to the NYS Taxation Department on your behalf. You should receive a confirmation letter in the mail from the NYS Taxation Department in 30 - 90 days.
- Once you’ve received your confirmation letter, please scan it and upload the document to your Collective dashboard.
- If you do not receive confirmation of your election before your business franchise tax return is due, you should write to: NYS Tax Department, Corporation Tax Account Resolution Unit, W A Harriman Campus, Albany NY 12227-0852 and include a copy of your signed NY CT-6 application
Key search terms: NY S Corp, CT6, CT-6
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as legal, financial, or tax advice. It is not intended to be a substitute for obtaining legal, accounting, or other financial advice from an appropriate and/or licensed adviser, or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.