Drake Tax -NY: CT-3 Filer Required to File CT-60

Return Note stating that the NY Form CT-60, Affiliated Entity Information Schedule, is now required

Per the CT-60 instructions, you must file Form CT-60 if you have included the activities of any of the following in your CT-3:

• a qualified subchapter S subsidiary (QSSS),

• a single-member LLC, or

• tax-exempt domestic international sales corporation (DISC)

You also must file Form CT-60 if:

• you are a federal S Corporation, but are filing as a New York C Corporation.

• you are a partner in a partnership

• you are a QSSS where New York State does not follow QSSS treatment, or

• you have affiliated entities.

For more information on the NY CT-60, Affiliated Entity Information Schedule, see the CT-60 instructions.