Get Nyc 5ub 2013 Form

2022 Unincorporated Business Tax (UBT) Download Unincorporated Business Tax Worksheet - You must attach this worksheet to amended returns reporting changes or corrections to taxable income or other bases of tax by the IRS or New York State DTF.

Who is Exempt from this Tax? Performing services as an employee is not subject to UBT. An owner, lessee, or fiduciary who is engaged in holding, leasing, or managing real property for their own account. Entities engaged primarily with qualifying investment activities are partially exempt from UBT on the income.

If you are a New York-based corporation, you will need to pay GCT tax if any of the following are true: You are conducting business. You are employing capital. You own or lease a property within a corporate capacity or you maintain an office.

What Activities are Subject to This Tax? Unincorporated Businesses include: trades, professions, and certain occupations of an individual, partnership, limited liability company, fiduciary, association, estate or trust.

Nonresidents. If you have New York source income and your New York Adjusted Gross Income (NYAGI) federal amount column (Form IT-203, line 31) exceeds your New York State standard deduction amount, you are required to file a New York State return.

You can order forms using our automated forms order telephone line: 518-457-5431. It's compatible with TTY equipment through NY Relay (Dial 711) and with Internet and mobile relay services (see Assistance for the hearing and speech impaired for more information).

You can make an estimated income tax payment with an Individual or Fiduciary Online Services account. Pay directly from your bank account, or by credit card for a fee.

Who is Exempt from this Tax? Performing services as an employee is not subject to UBT. An owner, lessee, or fiduciary who is engaged in holding, leasing, or managing real property for their own account. Entities engaged primarily with qualifying investment activities are partially exempt from UBT on the income.