Thursday, November 21, 2013

What is the minimum yearly tax cost of an incorporated in the state of new york? and IMG_1633_1600x1067

What is the minimum yearly tax cost of an incorporated in the state of new york?



I started a business in New York in may 2009. Things did not go as I expected, I could not secure any work so the company is inactive since I started the it. I formed the business as an incorporated business. I received a letter from New York State Department of Taxation and Finance on friday. Its called notice of determination (estimated). It states that the business owes $ 894.43 for sales and use tax type. I dont understand why I received this letter now.


Taxation best answer:

Answer by douglas
You apparently failed to file some paperwork with the state earlier last year. You will have to show them or provide them with a statement of facts that shows the corporation was inactive and had no income, there fore, had no sales.


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