Form NYC-2.3 "Prior Net Operating Loss Conversion (Pnolc) Subtraction" - New York City

What Is Form NYC-2.3?

This is a legal form that was released by the New York City Department of Finance - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2020;
  • The latest edition provided by the New York City Department of Finance;
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Download Form NYC-2.3 "Prior Net Operating Loss Conversion (Pnolc) Subtraction" - New York City

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PRIOR NET OPERATING LOSS CONVERSION
- 2.3
(PNOLC) SUBTRACTION
You MUST attach this form to Form NYC-2 or NYC-2A for each tax period for
which you or any member of the combined group claim a PNOLC subtraction or
carry a PNOLC subtraction balance.
NYC-2A filers: Enter the total number of members in the combined group
A.
in the current tax period (see instructions) .........................................................A.
B.
NYC-2A filers: If there have been any changes to the composition of
the group of corporations included in this Combined Business Corporation
return from the prior tax period, check “YES” and complete schedules
Schedule D and/or E on page 2 providing the name, EIN and amount of
PNOLC that any corporation which has entered the group brought with
them or the name, EIN and amount of PNOLC that any corporation which
n
n
has left the group has taken with them................................................................B.
YES
NO
SCHEDULE A - PNOLC subtraction pool detail and tax period allotment (see instructions)
All filers:
Complete all information for each tax period. NYC-2A filers: Enter all requested information in each column for each combined
member that was in the group for the tax period. (see instructions)
A
B
C
D
E
F
G
H
NYC-2 filers or NYC-2A combined members
Tax period PNOLC
Remaining PNOLC
Tax
PNOLC
Base year
PNOLC
subtraction allotment
subtraction pool
UNOL
period
subtraction
end date
subtraction pool
(column E X
[column E - (column C
EIN
Name
count
allotment %
column F)
X column G)]
A
B
C
D
E
F
G
H
Totals from attached sheet(s)...............................................................................................
1.
Totals...........................................................................................................................
SCHEDULE B - Overall limitation on PNOLC subtraction (see instructions)
1.
Allocated business income after addback for the current tax period (from Form NYC-2 or
NYC-2A, Schedule B, line 32a or line 32b; if zero or less, enter 0 on line 5) .................................... 1.
2.
Multiply line 1 by your appropriate business income base tax rate for the current tax period from
Schedule H Determination of Tax Rate in Form NYC-2 or NYC-2A (round the result up to the next
highest whole dollar) .......................................................................................................................... 2.
3.
Greater of the capital base tax or the minimum tax for the current tax period (from Form
NYC-2 or NYC-2A, Schedule A, line 2 or 3) ....................................................................................... 3.
4.
Subtract line 3 from line 2 (if zero or less, enter 0) ............................................................................ 4.
5.
Maximum amount of the PNOLC subtraction to be deducted in the current tax period (if line 4 is
zero, enter 0; otherwise divide line 4 by the same business income base tax rate used for line 2) .. 5.
31812091
NYC-2.3 - 2020
PRIOR NET OPERATING LOSS CONVERSION
- 2.3
(PNOLC) SUBTRACTION
You MUST attach this form to Form NYC-2 or NYC-2A for each tax period for
which you or any member of the combined group claim a PNOLC subtraction or
carry a PNOLC subtraction balance.
NYC-2A filers: Enter the total number of members in the combined group
A.
in the current tax period (see instructions) .........................................................A.
B.
NYC-2A filers: If there have been any changes to the composition of
the group of corporations included in this Combined Business Corporation
return from the prior tax period, check “YES” and complete schedules
Schedule D and/or E on page 2 providing the name, EIN and amount of
PNOLC that any corporation which has entered the group brought with
them or the name, EIN and amount of PNOLC that any corporation which
n
n
has left the group has taken with them................................................................B.
YES
NO
SCHEDULE A - PNOLC subtraction pool detail and tax period allotment (see instructions)
All filers:
Complete all information for each tax period. NYC-2A filers: Enter all requested information in each column for each combined
member that was in the group for the tax period. (see instructions)
A
B
C
D
E
F
G
H
NYC-2 filers or NYC-2A combined members
Tax period PNOLC
Remaining PNOLC
Tax
PNOLC
Base year
PNOLC
subtraction allotment
subtraction pool
UNOL
period
subtraction
end date
subtraction pool
(column E X
[column E - (column C
EIN
Name
count
allotment %
column F)
X column G)]
A
B
C
D
E
F
G
H
Totals from attached sheet(s)...............................................................................................
1.
Totals...........................................................................................................................
SCHEDULE B - Overall limitation on PNOLC subtraction (see instructions)
1.
Allocated business income after addback for the current tax period (from Form NYC-2 or
NYC-2A, Schedule B, line 32a or line 32b; if zero or less, enter 0 on line 5) .................................... 1.
2.
Multiply line 1 by your appropriate business income base tax rate for the current tax period from
Schedule H Determination of Tax Rate in Form NYC-2 or NYC-2A (round the result up to the next
highest whole dollar) .......................................................................................................................... 2.
3.
Greater of the capital base tax or the minimum tax for the current tax period (from Form
NYC-2 or NYC-2A, Schedule A, line 2 or 3) ....................................................................................... 3.
4.
Subtract line 3 from line 2 (if zero or less, enter 0) ............................................................................ 4.
5.
Maximum amount of the PNOLC subtraction to be deducted in the current tax period (if line 4 is
zero, enter 0; otherwise divide line 4 by the same business income base tax rate used for line 2) .. 5.
31812091
NYC-2.3 - 2020
:
:
______________________________________
__________________________________
Form NYC-2.3 - 2020
NAME
EIN
Page 2
SCHEDULE C - Computation of PNOLC subtraction used and unused amount carried forward (see instructions)
1.
Tax period PNOLC subtraction allotment (from Schedule A, line 1, column G) ...........................................1. ________________________________
2.
Unused PNOLC subtraction carried forward from prior tax period (see instructions) ................................. 2. ________________________________
3.
PNOLC subtraction available for use this tax period (add lines 1 and 2) .................................................... 3. ________________________________
4.
PNOLC subtraction used in the current tax period (see instructions) .......................................................... 4. ________________________________
5.
Unused PNOLC subtraction to be carried forward to future tax periods (see instructions) ......................... 5. ________________________________
6.
Remaining PNOLC subtraction pool (from Schedule A, line 1, column H) ................................................. 6. ________________________________
7.
Unexhausted PNOLC subtraction (add lines 5 and 6) ................................................................................. 7.
SCHEDULE D - FORM NYC-2A FILERS ONLY: ENTITIES NOT INCLUDED IN PRIOR COMBINED RETURN
n
n
Are any entities included in the Combined Business Corporation Tax Return that were not included in the return for the prior period?
YES
NO
Complete this schedule for each corporation included in the Combined Business Corporation Tax Return that was not included in the Combined Business
Corporation Tax Return for the prior tax period.
A
B
C
D
E
F
Name of
Employer Identification NOL available at the beginning
Beginning date
Ending date
Amount of PNOLC that entity
corporation
Number
of this tax period
of this tax period
of this tax period
brought with them
(mm-dd-yy)
(mm-dd-yy)
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
If additional space is required, please use this format on a separate sheet and attach to this page.
SCHEDULE E - FORM NYC-2A FILERS ONLY: ENTITIES NOT INCLUDED IN CURRENT COMBINED RETURN
n
n
Are any entities excluded from the Combined Business Corporation Tax Return that were included in the return for the prior period?
YES
NO
Complete this schedule for each corporation excluded from the Combined Business Corporation Tax Return that was included in the Combined Business
Corporation Tax Return for the prior tax period.
A
B
C
D
E
F
Name of
Employer Identification NOL available at the beginning Beginning date of this Ending date of this Amount of PNOLC that entity
corporation
Number
of this tax period
of this tax period
of this tax period
took with them
(mm-dd-yy)
(mm-dd-yy)
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________
If additional space is required, please use this format on a separate sheet and attach to this page.
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