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  • 1.  NYS Corp. minimum tax

    Posted 03-02-2014 10:59 AM
    Has NYS eliminated the $800 minimum tax for inactive corporations under 9A?  It was prevalent when we had the 3 factor formula, but since the State went to calculate tax allocation based on sales, has the $800 inactive corporation tax been dropped?  It is still in the law, but it is not in the directions for the minimum tax calculations.  I asked that because I have a client who started a corporation and then did nothing.

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    M. Daniel Martin BA
    M. DANIEL MARTIN, CPA EA
    Babylon NY
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  • 2.  RE:NYS Corp. minimum tax

    Bronze Most Valuable Member
    Posted 03-02-2014 11:11 AM
    I believe that it is now tied to the revenue amounts.
    if you have zero - the tax is $ 25
    if you have one million dollars of revenue - and one million dollars of expense - it is $ 500
    etc


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    Ira Kriegsman
    CPA
    KRIEGSMAN & COMPANY
    New York NY
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    Original Message


  • 3.  RE:NYS Corp. minimum tax

    Platinum Most Valuable Member
    Posted 03-02-2014 11:18 AM


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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Woodbury NY
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    I have not consulted the law, but I can tell you from experience, I have filed many of these inactive, and never been assessed, at least not in recent years.....l
    lets see if others chime in.



    Original Message


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