New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

The New York estimates are not filed with the corporate return, therefore, the following steps must be completed if estimates are to be paid by electronic funds withdrawal.

1. In Screen NYELFEst, enter 2 in the Payment Method field under the section for Mandatory First Installment (C Corp) to use EFW to pay the mandatory first installment. Enter 1 in the Payment Method field under the section for General Information to use EFW to pay the second, third, or fourth installments. 
2. Mark the I have read the certification above and agree field for each payment being made at this time.
3. To select a payment date different from the due date, enter the desired payment date in the Withdrawal Date fields.
4. Enter bank information in Screen NYBank, if it has not already been entered in federal Screen Bank.
5. Review all diagnostics and clear all ELF diagnostics for the estimates.
6. If the return and estimates are not being filed at the same time, mark the Suppress franchise tax return and extension electronic files when only filing other returns electronically field in Screen NYELF. If the return and estimates are being filed at the same time, skip this step.
7. Choose File > Print Returns. Mark both the Government copy and the Create electronic file checkboxes.
8. Print the return to generate the electronic file either to a printer or to FileCabinet CS.
9. Follow the normal procedures to send the returns electronically via CS Connect. In CS Connect, you will have a file for each estimate being paid by electronic funds withdrawal.

Related topics

Available payment options for the NY and NYC estimates

1120 New York frequently asked questions

Was this article helpful?

Yes No

Submit