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Form CT-247 Application for Exemption From Corporation Franchise Taxes by a Not-For-Profit Organization - New York
What Is Form CT-247?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form CT-247?
A: Form CT-247 is an application for exemption from corporation franchise taxes by a not-for-profit organization in the state of New York.
Q: Who can use Form CT-247?
A: Not-for-profit organizations in New York can use Form CT-247 to apply for exemption from corporation franchise taxes.
Q: What is the purpose of Form CT-247?
A: The purpose of Form CT-247 is to request exemption from corporation franchise taxes for qualifying not-for-profit organizations.
Q: What information is required on Form CT-247?
A: Form CT-247 requires information about the organization's name, address, purpose, and financial activities.
Q: Are there any fees associated with filing Form CT-247?
A: No, there are no fees associated with filing Form CT-247.
Q: Is there a deadline for filing Form CT-247?
A: There is no specific deadline for filing Form CT-247, but it is recommended to file it as soon as possible after the organization is formed.
Q: How long does it take to process Form CT-247?
A: The processing time for Form CT-247 can vary, but it generally takes several weeks.
Q: What happens after the application is approved?
A: If the application is approved, the not-for-profit organization will be exempt from corporation franchise taxes in New York.
Form Details:
- Released on December 1, 2020;
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-247 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form CT-247 Application for Exemption From Corporation Franchise Taxes by a Not-For-Profit Organization - New York
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