i would think not. at least as far as Corp Taxes. The corp is not doing business where it books are, but rather where the property is situated.
However, the individual has now moved to NYC and if it an ":S" corp, and it produces a profit, the income would be subject to tax on their individual return.
if it is a "C" corp and i hope not, then no to NYC taxes.
Abby
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Abby Alhante
KURCIAS & ALHANTE, CPAs LLC
Melville NY
Original Message:
Sent: 02-01-2016 11:38
From: Daniel Levine
Subject: NYC Corp Tax
Have a client who runs an S-Corp that owns real property on Long Island. The corp receives rent and has a few expenses, all paid by client from his home. He moved his residence from Westchester to NYC. Is the corp. now subject to NYC Corp tax?
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Daniel Levine
CPA
Scottsdale AZ
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