Q: is NY corporation need to file TAX FORM NY C3-M who is doing business in NY, Buffalo City?
A:
Yes, a New York corporation doing business in Buffalo, NY is generally required to file Form CT-3-M, the General Business Corporation MTA Surcharge Return.
Form CT-3-M is used to determine and pay the Metropolitan Transportation Business Tax (MTA Surcharge) for corporations doing business in the Metropolitan Commuter Transportation District (MCTD), which includes New York City and the counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester.
Even though Buffalo is not within the MCTD, if the corporation is doing business both in and out of the MCTD, it may still be required to file Form CT-3-M and pay the MTA Surcharge based on the portion of its business activity attributable to the MCTD.
The corporation will also need to file other applicable New York State corporate tax forms, such as Form CT-3 (General Business Corporation Franchise Tax Return) or Form CT-3-S (New York S Corporation Franchise Tax Return), depending on the corporation's tax classification.
It's essential to consult with a tax professional or the New York State Department of Taxation and Finance for specific guidance based on the corporation's unique circumstances.
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